Managing the duration of commitment of a contract

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	Managing the duration of commitment of a contract

 

1. Go to Management -> Contract Management

  2. In the grid, click on the Agreement Name/Number you'd like to see the details of. 

3. Click on Duration of commitment

This form is divided in 3 parts : 

Minimum commitment period

 

• Minimum Commitment (months)
• Renewal terms
  • Tacit
  • Express (Renewal of a contract by an explicit and formal agreement of the parties)
  • None
• Renewal duration (months)
  • Greyed out if the 'Maximum number of renewals is set to 'none'.
• Notice period (months) -> Temporal limit after which modification of the terms of the contract or terminating the contract isn't possible anymore.
  • Greyed out if the 'Maximum number of renewals is set to 'none'.
• Maximum number of renewals
• Automatic renewal date
  • Greyed out if the 'Maximum number of renewals is set to 'none'.
  • Automatically calculated based on the 'Effective date (start date)', 'Renewal duration (months)' and the Notice period.
• Remaining notice period (days)-> Number of days before the end of the notice.(automatically calculated).
• Early termination fees (amount)
• Early termination fees (%)

Minimum annual revenue commitment

• Minimum annual revenue commitment
• Maximum annual revenue commitment
• Commitment period minimum annual revenue
• Commitment period maximum annual revenue
• Order type (Standard Contract, Purchase order contract)

Year-end discount

In this grid, you will find:

• Activation date (Activation)
• Beginning of the period (From)
• End of period (To)
• The discount in percentage (Discount)

To add a new field, click on 'Add a range' :