Create Your First Contract

Once you have completed all the steps in the Quick Setup guide, you are now ready to start creating a new contract.

To create a new contract:

Select the Contracts tab at the top of the page.
Click New Contract at the top-right corner of the Contracts list page.
Choose a contract type that you have previously created or choose from the pre-built templates in the Select Contract Type window, then click Continue. You will be directed to the New Contract form.
Enter the Basic, Renewal, Financial and Regional details in the New Contract form, then click Save and Continue either at the top-right or bottom-right corner.

Upon saving, the contract's detail page will appear, where you can author the contract document.

Note:

Renewal details are applicable if the contract's term is Definite and the contract is renewable. For example:

A one-year service contract between a company and a service provider for the provision of IT services. If the contract is defined as Definite for one year and includes a renewal option, the renewal details would specify the renewal term and other related details for extending the contract beyond the initial one-year period, enabling a seamless renewal process.

Financial details are applicable if the contract type's intent is either Buy or Sell. For example:

A purchase contract between a company and a supplier, where the company intends to purchase raw materials. Or a sales contract between a vendor and a customer, where the vendor sells a product. Capturing financial details like pricing and payment terms helps to determine the financial performance of these contracts.