Sec. 4-106. Contracts Not Involving Monetary Consideration.
Except for contracts covered by other applicable Board policies or resolutions, the President, Vice President for Administration and Finance, for matters which concern solely Kendall College of Art & Design, the President of Kendall College of Art & Design may bind the University for contracts where there is no exchange of monetary consideration between the parties. As to those contracts where there is no exchange of monetary consideration between the parties, but where (i) significant policy considerations may be involved, or (ii) the name or reputation of the University may be implicated, the Chairperson of the Board shall be consulted prior to binding the University to the contract. Where the Chairperson of the Board deems it advisable, but not otherwise, the contract shall require Board approval prior to binding the University.