Are you tired of contracts sitting in review for weeks or months? Do you worry that access will be cut off? The presenters will discuss how the library and administration (including legal) have worked together to improve contract review, which has made the contract process more effective and efficient for The University of Tennessee’s libraries, contract offices, and the vendors. The University has implemented master agreements for the vast majority of its library resource vendors (primarily electronic resource and media). This initiative has also greatly strengthened the relationship between the libraries and the system administrators. The master agreement initiative is nothing short of a “win-win-win:” the librarians, the administration, and the vendors all benefit from this initiative. Before the master agreement initiative, the University processed between 250-400 library contracts in a given fiscal year. The University implemented the master agreement initiative in the fall of 2012, and it started with one master agreement and has grown into over 100. The University of Tennessee has reduced its volume of library electronic resource and media licensing agreements by 50-70%. This has caused the entire University’s contract process to be more efficient, and it has allowed the libraries to be more efficient and effective. When master agreements are in place, terms and conditions no longer sit in review for weeks or months, so there is virtually no danger of access being cut off. Also, the master agreements have allowed the University’s various campus libraries to work together to save money. Audience members will be encouraged to ask questions and a list of the master agreements will be provided to the audience via web link. Attendees can expect to learn an effective and efficient way to process contracts in a manner that benefits everyone and satisfies everyone’s concerns.