Creating contracts from an existing contract

Use this procedure to create a contract from an existing contract. If you do not specify new values for the contract, then values from the contract that is copied are used. By copying and reusing existing contract information, you save time because you only change or edit information that is unique to the new contract.
  1. Select Manage Contracts.
  2. Click Create From Contract .
  3. Specify this information:
    Contract Group
    Select a contract group to assign to the new contract.
    From Contract
    Select an existing contract to copy and use as a base for the new contract.
    Name
    Specify a name for the new contract.
    Description
    Provide a description for the new contract.
    Primary Internal Contact
    Select the person who is responsible for the contract.
    Supplier
    Select a supplier to assign to the contract.
    Supplier Contact
    Select a supplier contact for the contract.
    Contract Type
    Select a contract type.
    Contact Subtype
    Select a subtype to further define a contract type. If you define both a contract type and subtype, then the vendor agreement that is assigned to the subtype is used to process the contract.
    Contract Classification
    Select a contract classification for the new contract.
    Contract Subclassification
    If a contract subclassification is assigned to the classification, the rules that are defined in the contract subclassification take precedence.
    New Contract Does Not Have A Parent Contract
    Select this check box if the new contract does not have a parent contract.
    Parent Contract
    Select a parent contract to link to the new contract.
    Effective Date
    Select the date that the new contract becomes effective.
    Expiration Date
    Select the date that the new contract expires.
    Contract Review Date
    Select the date on which to review the contract for further negotiations.
  4. In the Copy Options section, select the check box of one or more items from the existing contract to include in the new contract.
  5. Click Submit.
    The values, dates, and options for the new contract are saved and the contract is displayed on the In Process tab.