Data Library Types – Contract

The Contract Data Library Type is used to record and upload information about a Company's contracts.

To record contract information:

• Navigate to and open the record for the entity that the information is to be recorded for.
• Select the Data Library icon and then the Legal tab.
• Select Contract from the list of Types available.

The Legal Department - Contract screen displays.

• Select New.

The New: Contract screen displays.

Summary

Type: Ensure that the Contract option is selected.

Status: Select a status for this record (if applicable).

Assigned to: Select the user responsible for updating/verifying/authorising this record (if applicable).

Other Connected Entities

Select the Wand icon to connect this record to any other contractual parties/entities concerned with the contract.

Contract

This section contains fields which are specific to the Contract Data Library (for example, details regarding the jurisdiction of the contract, the date of signature, the date the contact has/will take effect, the amount of money paid by parties involved, the country of taxation, etc.). It will also be possible to select a specific Contract Type, to enter a description for it, notes, contact information and so forth. Complete these fields with the relevant information:

Attachments

Select the Wand icon to upload documents (for example, contract, addendums, etc.) to the record.

• Select Save, then Close the record.