Contracts are the agreements that exist between your company and other companies or individuals. There are two ways to create a new Contract record. To begin:
Select
in the navigation menu and then click 
or, from the homepage, click the Add Contract Action Tile. The options include:
Create a new contract manually
Upload Existing Contract document (using AI-Driven Contract Analysis and Data Extraction)
Below are the steps to create a contract manually. To see the steps for Upload Existing Contract Document, click the Performing AI-Driven Contract Analysis and Data Extraction link.
In the pop-up, select Create a new contract manually. In the next pop-up window, click a Contract Type from the list, and then click .
When the record opens, enter details about the contract. The overall layout of the record and the individual fields you see may be different for different contract types. Required fields will be identified by a red * asterisk. NOTE: Contract ID is initially 0 and the system assigns the unique id number after you save the record.
Click in the menu bar. If you leave the page without saving, your data will be lost. If you try to save before filling out all required fields, you'll get an error message. If you attempt to add rows to a mini-grid before saving, the system will prompt you to save before continuing.
Required Fields
The fields shown below are always required.
Contract Type: Filled in with the type you selected in the pop-up. If you need to change the type, click the Lock icon
which "unlocks"
the field so you can select a different contract type from the drop-down. NOTE: changing the Contract Type may change the layout.
External Organization: Used to define the external party or parties to the contract. To support multi-party contracts, the field accepts multiple organization names.
To select an existing organization…Click in the External Organization field to display the list of organizations. The columns displayed in the Organization drop-down may be modified in the Type Manager. Click to add an organization to the field and repeat for additional organizations. To make finding organizations easier, you can filter the list by typing a portion of the organization name. Click or press Enter to add the selected organization.
Multi-Party Example:
To add a new organization on the fly… When adding a new contract, if the External organization doesn’t already exist, you can create it by clicking the plus sign
above the External Organization field. Fill out the organization details. Click 
and then select the new organization from the drop-down.
Organizational Ownership: Defaults to the organizational level to which your role belongs. The field defines which organizational level(s) have access to this record. To change ownership, click in the field and expand the organization tree. Use the check boxes to identify the lowest level(s) that can access the record (users in that level and above have access).