University of Tennessee Board of Trustees Audit and Compliance Committee Agenda 2026-06-29
UT moves to settle Pharma Conference contract litigation
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Description
The University of Tennessee Board of Trustees Audit and Compliance Committee is asked to approve a $700,000 settlement with Pharma Conference Education, Inc. to resolve a contract dispute over a 2016 agreement to produce pharmaceutical-related conferences. The settlement follows Pharma’s $2.4 million breach-of-contract claim after UT terminated the five-year agreement in early 2017 and will also require approval by state officials.
Contract Details
Contract Amount
$700,000
Vendor
PHARMA CONFERENCE EDUCATION INC
Agency
The University Of Tennessee System Office, TN
Contract Type
OTHER
Document Date
June 26, 2026
Contract Term
Original agreement term five years starting July 1, 2016, with automatic renewal for another five years unless terminated with one-year notice
Renewal Date
2021-07-01
Renewal Info
Original contract included an automatic five-year renewal unless either party provided one-year notice; agreement was terminated by the University on January 18, 2017, prior to renewal. The current action is a monetary settlement of the resulting litigation, not a renewal of services.
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