Is the word 'UR' here a name or an abbreviation? Thanks in advance.
"UR" is the "short name" of one of the parties to the contract. At the beginning of the contract there is probably verbiage similar to:
This contract is made by and between Uniform Resources, Inc. (hereinafter "UR") and A-One Consulting Corp. (hereinafter "CONSULTANT").
So it is an abbreviated name.