Terms and conditions

You can create and maintain a library of terms and conditions that your company and your vendors must follow on purchase order and contract transactions. Terms and conditions can contain information such as: liability concerns, shipping and handling details, and delivery time expectations.

You can create a library of term and condition values in the Terms and Conditions application. You use the library to look up and associate terms and conditions to purchase order and contract records. The library is accessible in the Purchase Orders and contracts applications.

You can set default term and condition values according to site and contract type in the Organizations application. When you create a contract record in a contracts application, it inherits the default term and condition values that you assigned to the selected contract type in the Organizations application.