Common use of Contract Authority Clause in Contracts

Contract Authority. Only the Contracts Department has been designated sign all agreements under the authority of the Properties and/or Adara Communities. Property Managers, Regional Managers, Vice Presidents (Operations) are prohibited from signing, amending, or entering into ANY contract. Such an agreement would be a written agreement with external entities under which those entities provide the property with goods or services or the property provides them with goods or services. (II) II. Corporate approval is required PRIOR TO signing contracts with entities that provide any type of service or product. (III) Purchasing contracts (where we are paying money for a good or service) must be signed by the Contracts Department or the President of our Company ONLY. Purchasing Contracts are distinguished by the fact that you are obligating the property to pay the other party money in exchange for goods and services.(IV) Marketing Agreements, Continued Service Agreements are also governed under these guidelines. (V) Please follow through the proper channels and speak with your community of interest prior to sending contracts needing approval to Corporate. Property Managers should submit contracts for approval via their District Manager or Vice President of Operations. (VI) Outside Vendors are prohibited from marketing or sponsoring resident functions without prior expressed written consent from Adara Corporate. This is to ensure that we do not violate the terms of our current exclusive agreements. Our communities are encouraged to constantly seek better vendors by analyzing costs, using the three bid process and constantly monitoring vendor performance. We will all work together to ensure that only the most beneficial agreements are approved across the board. All individual property agreements are considered separate and apart from each other and should be treated as such; this means that one property is not responsible for the duties of another.

Contract Authority. Only the Contracts Department has been designated to sign all agreements under the authority of the Properties and/or Adara Communities. All agreements must be FULLY executed prior to you providing a product or service. Property Managers, Regional Managers, Vice Presidents (Operations) are prohibited from signing, amending, or entering into ANY contract. Such an agreement would be a written agreement with external entities under which those entities provide the property with goods or services or the property provides them with goods or services. (II) II. Corporate approval is required PRIOR TO signing contracts with entities that provide any type of service or product. (III) Purchasing contracts (where we are paying money for a good or service) must be signed by the Contracts Department or the President of our Company ONLY. Purchasing Contracts are distinguished by the fact that you are obligating the property to pay the other party money in exchange for goods and services.(IV) Marketing Agreements, Continued Service Agreements are also governed under these guidelines. (V) Please follow through the proper channels and speak with your community of interest prior to sending contracts needing approval to Corporate. Property Managers should submit contracts for approval via their District Manager or Vice President of Operations. (VI) Outside Vendors are prohibited from marketing or sponsoring resident functions without prior expressed written consent from Adara Corporate. This is to ensure that we do not violate the terms of our current exclusive agreements. Our communities are encouraged to constantly seek better vendors by analyzing costs, using the three bid process and constantly monitoring vendor performance. We will all work together to ensure that only the most beneficial agreements are approved across the board. All individual property agreements are considered separate and apart from each other and should be treated as such; this means that one property is not responsible for the duties of another.