Charter Agreement
Full definition — A charter agreement is the legally binding document that grants a charter school the authority to operate. It specifies the school's educational program, governance structure, financial plan, performance goals, and the conditions under which the charter can be renewed or revoked. In North Carolina, charter agreements are typically issued for ten-year terms by the State Board of Education. The agreement serves as the primary accountability framework for the school.
Why It Matters
The charter agreement is the single most important document governing a charter school's existence. Every board decision should align with the commitments made in this agreement, as failure to meet its terms is grounds for non-renewal or revocation.
Related Terms
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