Amendment Contracts
An amendment contract has an intrinsic relationship to an executed contract. An amendment is used to represent an extension, amendment, addendum, or change order document to a contract. An amendment can extend, change, supersede, or add language or non-language properties to the executed contract.
Certain properties of a contract are frozen upon execution or activation. To update or change these properties, you must create an amendment contract.
Note: Emptoris® Contract Management
does not support time-based conditional amendments. If the contract has terms that have a
value that is defined for a limited time frame, to revert the term values you must create a
new contract and then define a relationship to the modified contract.
How are amendments created
Amendments are created in the following ways.
- Multiple users can create amendments simultaneously for a contract until one of the amendments is activated. The other simultaneous amendments can be in Draft, In Negotiation, or Executed status.
- You can also create a batch of amendments from the authored, received, and filed contracts that are executed. You can also create a batch of amendments from active contracts.
Note: The executed contract for which an amendment contract is based is also referred to as the
amended contract or the base contract.