Other Forms & Resources
A contract termination is the process of ending a legally binding agreement between two or more parties. When it comes to terminating a contract, there are several factors to consider and there may be legal consequences for termination.
A multi-year contract is for the purchase of supplies or services for more than one year.
A clause that refers to the automatic continuation of a subscription or service plan on a certain date for a specified price unless advance notice of termination is sent to the supplier.
The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), which focuses on reforming U.S. financial regulation was signed into law on July 21, 2010. Section 1502 of this “Act” imposes reporting requirements on U.S. companies regarding their use of certain “conflict minerals.” This section of the “Act” was intended to address Congressional concerns related to the exploitation resulting from the purchase of certain minerals originating in the Democratic Republic of the Congo and adjoining countries. Such purchases, by U.S. companies, would help finance the conflict, characterized by extreme levels of violence, in the eastern Democratic Republic of the Congo and a continuing humanitarian crisis.
Emory University acknowledges the humanitarian crisis in the Eastern Democratic Republic of the Congo by supporting the intent of the legislation through the purchase of conflict-free electronic products from contracted electronic suppliers in compliance with the reporting requirements of Section 1502. In the future, Emory University may offer preference to suppliers who have made a commitment to conflict-free supply chains, provided that quality and cost performance are equal or superior. Emory University acknowledges the humanitarian crisis in the eastern Democratic Republic of the Congo (DRC) and supports responsible sourcing practices that align with the intent of Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, signed into law on July 21, 2010. This section requires U.S. publicly traded companies to disclose the use of certain “conflict minerals’ (tantalum, tin, tungsten, and gold), frequently referred to as 3TG, that may originate from the DRC or adjoining countries. Emory requires its suppliers of electronic products to disclose their use of 3TG minerals and to conduct due diligence on the source and chain of custody of such minerals. Preference may be given to suppliers who demonstrate a commitment to conflict-free supply chains. All suppliers are expected to comply with applicable federal reporting requirements.
Prohibited Telecommunication Equipment and Services
Section 889 of the National Defense Authorization Act of 2019 (NDAA) prohibits the Federal government, government contractors, and grant recipients from procuring or using certain telecommunications equipment or services produced by certain companies or their subsidiaries or affiliates with known ties to the People’s Republic of China.
The prohibitions in NDAA Section 889 extend to Emory because Emory is both a federal contractor and a federal grant recipient. Because of the broad representation Emory must make as a government contractor, Emory is essentially prohibited from purchasing or using covered equipment and services, even if the use of such covered equipment and services is not in performance of a US Government contract.