Use Case

Stark Industries uses multiple hardware and software for doing their business. It uses many devices in the organization purchased from the same vendors.

Stark Industries wants to setup a contract process for the devices used on lease from the vendors. For example, if a Vendor HP Services provides some assets on lease for a year to the Stark Industries and also provides the maintenance and support facility. Then three contracts will be created between the HP Services and Stark Industries.

• Parent Contract – Annual Lease Contract
• Child Contract – Annual Maintenance Contract
• Child Contract – Annual Support Contract

To record these contracts, first create the Annual Lease Contract. For more details, refer to the Contract Creation page.

Once created, associate the required HP devices with the Annual Lease Contract using Create and Relate or Add Relation button from the Assets tab.

Next, set the contract expiry reminder from the Expiry Reminder tab.

If you want to send notifications related to the contract to the owner or the required users you can do that from the Notifications tab.

On expiry, you can renew the contract using the Renew Contract button. The renewal details will appear in the Renewals tab.

Next, create the Annual Maintenance Contract and set the Annual Lease Contract as Parent.

Similarly, create the Annual Support Contract and set the Annual Lease Contract as Parent.

The Annual Maintenance and Support Contracts will become the Child Contracts of the Annual Lease Contract as shown below.

Thus, the contracts can be maintained and managed as above.