There are several business arrangements in the course of your work that will require a contract. This is a reminder that you should never sign a contract, MOU or MOA locally.
A limited number of employees have been delegated authority by the university to sign contracts. The type of contract determines routing and approval. Please review this news article on routing contracts for approval. Your cost center manager/fiscal officer should be contacted if you have any questions about a contract or how it should be routed.