There are different contractual agreements between which students are enrolled and offer courses. Different types of agreements can significantly affect the options available to a university in the event of a financial collapse of a third party. Third Party Agreement: a formal relationship in which the University terminates a legally binding agreement with a third party where there is an agreement for the third party to provide all or part of the University Programmes and Support Services to students enrolled in the Programmes. 4.1 In accordance with the requirements of the Higher Education Standards Framework, the university is fully responsible for all aspects of the provision and assistance of the programme by a third party, including: 3.1 A legally binding agreement must be concluded with a third party before the start of operation. The agreement shall cover all relevant questions relating to the scope and scope of the functions performed by the third party. It will also define the rights and obligations of the university and the third party with respect to the agreement. 5.3 Audits shall examine the obligations of each party, as provided for in the agreement, the extent to which each party has fulfilled its obligations, and the extent to which the third party has complied with the directives and procedures it is required to follow. 2.2 In order to reduce risks and quality reductions and to ensure the selection of a reliable third party with whom a partnership must be entered into, a credible, rigorous and evidence-based due diligence process will be implemented before reaching an agreement with a third party. The due diligence process will take into account a number of issues, including: − local (i.e.B.
The employment of teachers with the qualifications and experience required and approved by the university When universities and other higher education providers depend on third parties to register on their behalf to students or offer courses to students, it is important that they take into account and plan the financial, practical and regulatory risks that may be related to a possible bankruptcy of the third party. . . .