Contract Types
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Contract Types
Definition:
- Contract Types define the 'Interval', the 'Initial Term' and the 'Renewal Term' associated with a Contract.
- Contract Types can be associated with Products, Services and Charges.
Procedure to follow when creating Contract Types:
- On the 'Contract Types' page, click on the 'Add Contract Type' link.
- Fill out the 'Interval' period (days/months/years, etc.), and the 'Initial' & 'Renewal' Terms (number of Interval periods)
- Click the [Save] button
Once created, a Contract Type can be associated with various Products, Services and Charges as you deem appropriate, from within the Information Pages for each of these objects.
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