Use of Legal Counsel | Spalding University Policy Guide Use of Legal Counsel

Spalding shall seek the advice of legal counsel in matters relating to acceptance of gifts when appropriate. Review by counsel is recommended for:

1. Closely held stock transfers that are subject to restrictions or buy-sell agreements;

2. Gifts involving contracts, such as bargain sales or other documents requiring Spalding to assume an obligation;

3. Transactions with potential conflicts of interest or that may invoke IRA sanctions; and

4. Other instances of a gift based on complex facts or issues in which use of counsel is deemed appropriate by the University President.