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Send us an email. Thanks! Manage Supplier Agreement Life Cycle.Use the Purchase Agreements Work Area. Answer: A contract that spells out all the specifics makes the contracting process easier for all parties so there is no confusion. 2 University Contracts Office Responsibilities: . Performance under any contracts resulting from the solicitations. Specifically, principals of debarred vendors. (i.e. In all cases, there is a mutuality of obligation. This means that both parties have an obligation to one another. Suppliers often have their own written agreements but, if they don't, you should establish them yourself.