Contents IT Service Management Previous Topic Next Topic Save as PDF Save selected topic Save selected topic and subtopics >Save all topics in Contents Contracts Contracts A contract is a binding agreement between two parties. In the Now Platform, contracts contain detailed information such as contract number, start and end dates, active status, terms and conditions statements, documents, renewal information, and financial terms. Working with contracts includes the following tasks and processes. Create a contractYou can create a variety of contract models for leases, maintenance, or warranties.Adjust a contractAfter creating a contract, you can adjust it as necessary.Verify contract administrator assignment for notificationAn event runs automatically each night to send reminders to contract administrators about contract expiration dates so they can renew or renegotiate the contract. You can verify that the right contract administrator is assigned to the contract.Send the contract for approvalYou can send a contract that is in Draft state for approval.Terms and conditionsYou can add terms and conditions to a contract to keep all documentation that is relevant to a contract in one location.Create a contract rate cardYou can create rate cards to track contract expenses. Rate cards help to record and allocate costs.Monitor a contractYou can monitor contracts by viewing contract history and creating contract reports.Related ConceptsContract life cycle Last updated on 100 Products > IT Service Management > Contract Management; Versions > Jakarta Previous Topic Next Topic Save as PDF Save selected topic Save selected topic and subtopics >Save all topics in Contents Send Feedback Share On this page
Contracts A contract is a binding agreement between two parties. In the Now Platform, contracts contain detailed information such as contract number, start and end dates, active status, terms and conditions statements, documents, renewal information, and financial terms. Working with contracts includes the following tasks and processes. Create a contractYou can create a variety of contract models for leases, maintenance, or warranties.Adjust a contractAfter creating a contract, you can adjust it as necessary.Verify contract administrator assignment for notificationAn event runs automatically each night to send reminders to contract administrators about contract expiration dates so they can renew or renegotiate the contract. You can verify that the right contract administrator is assigned to the contract.Send the contract for approvalYou can send a contract that is in Draft state for approval.Terms and conditionsYou can add terms and conditions to a contract to keep all documentation that is relevant to a contract in one location.Create a contract rate cardYou can create rate cards to track contract expenses. Rate cards help to record and allocate costs.Monitor a contractYou can monitor contracts by viewing contract history and creating contract reports.Related ConceptsContract life cycle
Contracts A contract is a binding agreement between two parties. In the Now Platform, contracts contain detailed information such as contract number, start and end dates, active status, terms and conditions statements, documents, renewal information, and financial terms. Working with contracts includes the following tasks and processes. Create a contractYou can create a variety of contract models for leases, maintenance, or warranties.Adjust a contractAfter creating a contract, you can adjust it as necessary.Verify contract administrator assignment for notificationAn event runs automatically each night to send reminders to contract administrators about contract expiration dates so they can renew or renegotiate the contract. You can verify that the right contract administrator is assigned to the contract.Send the contract for approvalYou can send a contract that is in Draft state for approval.Terms and conditionsYou can add terms and conditions to a contract to keep all documentation that is relevant to a contract in one location.Create a contract rate cardYou can create rate cards to track contract expenses. Rate cards help to record and allocate costs.Monitor a contractYou can monitor contracts by viewing contract history and creating contract reports.Related ConceptsContract life cycle
