CONTRACTS

The contract is a legally binding agreement that defines and governs the rights and duties between or among parties. It is legally enforceable when it meets the requirements of applicable law. It typically involves the exchange of goods, services, money, or a promise of any of these.

This contracts section under the WORK Module records all the contracts signed between the company and different clients/parties/organizations in the past time. It records the data for all the contracts in a tabular manner constituting of following information subjects, client name, amount, start date, end date along with extra options for descriptive view, public link, copy contract, editing, deletion, and downloading of the contracts recorded.

New contracts can be created using the option available on the top left corner with the export option right beside it to access the contract list whenever needed.

When Create Contract option is clicked, a pre-generated form is seen on the screen. It demands different information in the available spaces. It includes mainly two sections:

(1) Contract Details

This section of the form records all the data that is related to the contract which includes the subject of the contract, description, start date, end date, contract type, and contract value. All the asked details are meant to be fed in manually.

(2) Client Details

This section of the form records the data of the client with whom the contract will be officially signed. It records data such as the Client's name, Cell, Office phone number, city, state, country, postal code, alternate address, notes, and company logo. This covers nearly all the much-needed information by the organization regarding the client.

When the hyperlink for individual contracts is clicked on, one gets the option to view the following list of items for the chosen contract. It includes almost all the information for the contract that might be needed by anyone.

(1) Summary: This section contains all the information for the contract in a brief including the details of the two parties involved, subject, description, and the total amount for the contract signed between the two parties.

(2) Discussion: This section in the contracts folder provides space for the discussion that needs to be done concerning the selected contract as the subject of discussion. It records the discussions for further reference.

(3) Contract Files: It collects all the necessary files/documents for future reference concerning the signed contract.

(4) Contract Renewal History: This section records the history of the contract renewal, which involves the data for how many times the contract has been renewed from its starting date till its completion.