Default Address Type Settings

You can configure the default address type that is to be used when an organization is added to a contract.

You can use the options in the following table to configure the default address type settings.

Table 1. Default address type
Setting	Default Value	Description
Internal Party	Corporate Address	Select the address type that is to be used if the organization is added as an Internal Party to a contract. The address that is set as Primary for the selected address type is used in the contracts. Consider the following points when the organization is added as an internal party to a contract: If the address type is a system defined role, the corresponding term based on the address type is added to the Terms tab in the contract. The same address is populated for the term Internal Primary Party Address. Any changes to this option are only reflected when the party is added to the contract and do not apply to existing contracts.
Organizations as External Parties	Corporate Address	Select the address type that is to be used if an organization is added as an External Party to a contract. The address that is set as Primary for the selected address type is used in the contracts. Consider the following points when an organization is added as an external party to a contract: If the address type is a system defined role, the corresponding term based on the address type is added to the Terms tab in the contract. The same address is populated for the term External Primary Party Address. Any changes to this option are only reflected when the party is added to the contract and do not apply to existing contracts.
Individuals as External Parties	Legal Address	Select the address type that is to be used if an individual is added as an External Party to a contract. The address that is set as Primary for the selected address type is used in the contracts.