How do I define the time frame conditions of a contract?
Overview
In metasfresh, time frame conditions of a contract include the term duration, term of notice, contract renewals, etc. All these conditions can be defined in the window “Contract Period”.
Define a Term Duration and a Term Unit, e.g. “1 Year”.
Define a Term of Notice and a Term of Notice Unit, e.g. “1 Month”.
Define a Subscription Interval and a Subscription Unit, e.g. “2 Weeks”.
Note: This is the frequency of the shipments of a sales order during the contract period.
Optional: Check the box Auto renew Contract to make the contract run in a loop.
Note: In this case, the box Complete next terms automatically appears. Check this box, too.
Optional: In the field Next Contract Terms you can select the follow-up contract for the expired one.
Define the Transition Conditions
The transition conditions determine at what moment before the end or change of a contract the contractual party may perform a status change, such as the termination of the contract.
Go to the record tab “Transition Conditions” at the bottom of the page and click . A new window opens up.
Define a Deadline and a Deadline Unit, e.g. “1 Month”.
Select the ActionStatus Change.
Select the Contract StatusTerminated.
Click “Done” to close the window and add the transition conditions to the record tab.