Warranty Contracts

In the Warranty Contracts application, you create warranty contracts. A warranty contract defines the agreement to maintain one or more assets with an outside service provider for a fee or a scheduled set of payments. The contract also tracks warranty information for assets and locations by time or meter.

Service contracts

You also use a warranty contract to create a service contract. A service contract indicates that an outside service provider maintains one or more assets. Payment for service can be made with a single fee or with a scheduled set of payments.