Introduction
A contract defines the agreement with a customer, the terms and conditions such as deliverables, billing plan, and payment terms. The contract contains customer information and contacts, the contract price and funding. Shipping information, title passage, and delivery terms are also defined on the contract. You can also define the contract types and invoicing methods to be implemented.
Contract management is used to create and maintain contract data which includes these concepts:
- Contract types
- Contract lines
- Contract deliverables
- Contract line links to project pegs
- Backorders and Returns
- Contract funding
- Contract invoicing