If Oracle Procurement Contracts is installed and licensed, you can create contract terms and apply them to your negotiation . You can use contract terms to specify legal and other requirements for your negotiation. Using contract terms is an easy way to create and maintain standardized contract text which can be customized as needed. You need the Contracts Terms Library Administrator responsibility to create and maintain clauses and contract templates in the Contract Terms Library. You need the Manage Contract Terms responsibility to create and maintain contract terms on negotiation documents .
To apply contract terms to your sourcing document:
On the Create Negotiation page, click Contract Terms in the navigation bar at the top left side of the page.
On the Create Contract Terms page, search for and select a contract template from the list of values. See the Oracle Procurement Contracts online help for information on using contract templates.
Click Apply Template.
You can edit the clauses applied by the template as needed. You can add, delete or modify text. See the Oracle Procurement Contracts online help for instructions on modifying clauses .
Select Validate from the Actions menu to verify the validity of the contract terms you are defining. If you receive any error messages, you must correct them and validate again.
When you have completed your contract terms, continue by either clicking Suppliers to define a supplier invitation list, or clicking Review to inspect the negotiation prior to publishing it .