A contract is an agreement (oral or written) between two or more parties when there is a mutual exchange of promises or consideration upon defined terms and /or conditions. Although contracts for the University of Wyoming are primarily written documents, there can be enforceable oral contracts. Written contracts may take many forms including:
Goods are defined as supplies, materials, and equipment purchased by University departments.
For example, these are all considered goods:
Services are defined as labor, time, or effort furnished by an outside entity to the University.
for example, these are all considered services:
If a purchase involves both good and a service (for example, you purchase a piece of equipment and the company provides training to University employees on how to use the equipment), then the purchase should be treated as a service.
Purchases of information technology services and products by the University, including, but not limited to use of hardware and software products and web page design or maintenance, need to adhere to the Accessibility Policy for Technology Purchases.
DISCLAIMER -- The Office of General Counsel does not intend the information on this site as a substitute for legal counsel and advice. It is intended solely as an informational resource. University personnel should contact the Office of General Counsel when matters of serious legal consequence are at issue.