Overview
Terms Clauses are used to define Contractual terms related to the Contract. Term Clauses are populated when a Contracts Terms Template is set on the Contract or can be added by creating Terms Clause records directly in the Contract.
When defining a Contract Terms template against the Sales Contract, the clauses from the template specified are added to the Contract and can be managed accordingly. Alternatively, new Terms Clauses can be added outside of any Terms defined by the Contract Terms Template.
NOTE Whether a clause created by the Contract Terms Template can be Edited or Deleted is controlled by flags on the Contract Terms Template.
Application
Used to define a set of Contractual Terms against a Sales Contract.
Prerequisites
Contract Terms Template setup - if auto population of Terms Clauses against Sales Contracts is required
Navigation
Sales Contracts Maintenance (not in Edit Mode) > Terms Clauses
Processing
Terms Clauses created by Contract Terms Template
- Navigate to the relevant Terms Clause within the Sales Contract.
- Click Edit or Delete and make changes as necessary.
NOTE Whether a clause created by the Contract Terms Template can be Edited or Deleted is controlled by flags on the Contract Terms Template.
Adding/Editing new Terms Clauses within the Sales Contract
- Click on New Contract Terms Clause or Edit and existing Clause.
- Populate all fields and Save.
NOTE When making changes to an existing Contract Terms Clause, a Change History record is automatically created and displayed in the lower section of the page.Fields
Clause Title: User-defined alpha-numeric value up to 50 characters in length.
Clause Description: User-defined alpha-numeric value up to 100 characters in length.
Current Revision (Automatically set): System-assigned Revision. Revision is initialized to 1 on an add, and incremented as Contract Terms Clause records associated with this Contract are modified.
Current Revision Date (Automatically set): System-assigned Revision Date. Revision Date is initialized to TODAY on an add, and updated each time a revision is made.
Clause Content can be Edited: When checked, allows the editing of this Clause Content when used on a Contract.
Clause can be Deleted: When checked, indicates that the Clause can be deleted on Contract.
Deleted: When checked, indicates that this Clause has been flagged as deleted and cannot be used going forward.
Clause Content: Required user-defined field, containing the textual content for this Clause.
SEE ALSO
Sales Contracts Overview
Sales Contract Creation and Management
Sales Contract Creation and Management
Contract Terms Template
