20-78-303. Requirements of agreements.

Arkansas Code — all titles (historical 2020) · legal_authorities

20-78-303. Requirements of agreements.

20-78-303. Requirements of agreements. Every agreement or contract entered into in accordance with this subchapter shall specify the following: (1) Full names and addresses of all parties to the agreement; (2) The precise organization, composition, and nature of the legal or the administrative entity that will be providing services together with its powers and limitations and the manner of acquiring, holding, and disposing of real and personal property used in the joint or cooperative undertaking; (3) A description of the joint or cooperative undertaking that specifies the duties and responsibilities of all parties to the agreement; (4) The manner of financing the joint or cooperative undertaking and of establishing and maintaining a budget thereof, or in the case whereby one of the participants agrees to furnish specified services, the financial arrangements therefor; (5) The permissible method or methods to be employed in accomplishing the partial or complete termination of the agreement and for disposing of property upon such a partial or complete termination; and (6) Any other necessary and proper methods.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 20-78-303

Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.