Lease and rental contracts overview
When working with contracts for rotating assets, you can
change the contract status, create payment schedules, associate leases
and contracts with master contracts, and create terms and conditions.
Contract statuses Status field is set to DRAFT.Payment schedules for lease and rental contracts Associated lease and rental contracts Terms and conditions for labor rate contracts Contract revisions APPR (approved). The Revise Contract action is available to contracts that do not have an existing revision and that has the status value of APPR (approved).