Contract Approval
/ˈkɒntrækt əˈpruːvəl/
Definitions
- (n.) The formal process by which a contract is reviewed, authorized, and accepted by the relevant parties or authorities before becoming legally binding.
The contract approval must be obtained before any services are rendered.
- (n.) The official sanction or authorization given by a competent party to proceed with executing a contract.
Without contract approval, the procurement cannot move forward.
Forms
- contract approval
Related terms
See also
Commentary
Contract approval is a crucial procedural step ensuring that agreements meet organizational, legal, and compliance standards before becoming effective.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.