REALSOURCE REGISTRATION Sample Clauses
The REALSOURCE REGISTRATION clause establishes the process and requirements for officially recording a party as the source of a real estate lead or transaction. Typically, this clause outlines the steps an agent or broker must take to register a client or property interest, such as submitting written notice or using a designated platform, and may specify timeframes or documentation needed for valid registration. Its core practical function is to prevent disputes over commission entitlement by clearly identifying which party is recognized as the procuring cause for a deal.
REALSOURCE REGISTRATION. This Contract shall result in a purchase order or purchase orders issued via VCU’s source-to-pay platform, RealSource. Contractor shall register in RealSource upon award of contract. For information on registering, visit ▇▇▇▇▇▇▇▇▇▇.▇▇▇.▇▇▇. Registration is free, and registered vendors shall have access to purchase order, invoice, and payment information. Contractor is responsible for the security of its RealSource portal account, including restricting access to it, maintaining the confidentiality of login information, and taking any other actions necessary to protect the security of the Contractor’s account. VCU will not be responsible for a third party’s fraudulent collection of VCU payments due to the Contractor’s failure to update or protect its account information. If this is a cooperative procurement, this clause shall apply to orders placed by VCU only.
REALSOURCE REGISTRATION. ☒ The Contractor agrees to maintain or become registered as a vendor within the VCU RealSource Vendor Registration network upon being invited to register.
REALSOURCE REGISTRATION. This Contract shall result in a purchase order or purchase orders issued via VCU’s source-to-pay platform, RealSource. Contractor shall register in RealSource upon award of contract. For information on registering, visit ▇▇▇▇▇▇▇▇▇▇.▇▇▇.▇▇▇. Registration is free, and registered vendors shall have access to purchase order, invoice, and payment information. Contractor is responsible for the security of its RealSource portal account, including restricting access to it, maintaining the confidentiality of login information, and taking any other actions necessary to protect the security of the Contractor’s account. VCU will not be responsible for a third party’s fraudulent collection of VCU payments due to the Contractor’s failure to update or protect its account information. If this is a cooperative procurement, this clause shall apply to orders placed by VCU only. eVA REGISTRATION AND FEES: Contractor agrees to self‐register with the Commonwealth of Virginia’s electronic procurement system, eVA (information on eVA can be found at ▇▇▇▇://▇▇▇.▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇), and agrees to maintain self‐registered status for the duration of this Contract. The Commonwealth shall assess eVA transaction fees as specified below for each order resulting from this Contract. The Vendor Transaction Fee is: DSBSD‐certified Small Businesses: 1%, capped at $500 per order. Businesses that are not DSBSD‐certified Small Businesses: 1%, capped at $1,500 per order. The specified Vendor Transaction Fee will be invoiced by the Commonwealth of Virginia Department of General Services, approximately 30 days after the corresponding purchase order is issued and the invoice is payable 30 days after the invoice date. Contractor is responsible for the security of its eVA account, including restricting access to it, maintaining the confidentiality of login information, and taking any other actions necessary to protect the security of Contractor’s account. VCU will not be responsible for a third party’s fraudulent collection of VCU payments due to Contractor’s failure to update or protect its account information. SPECIAL TERMS AND CONDITIONS ADVERTISING: Contractor shall not state in any of its advertising or product literature that the University, the Commonwealth of Virginia, or any agency or institution of the Commonwealth has purchased or uses its products or services. TRADEMARKS/LOGOS: The University retains all rights, title and interest to its trademarks, logos and other intellectual property. Cont...