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Creating Term Templates


You use term templates to create standard terms that users can add to agreements. Force Majeure is a special term that protects against events beyond the control of the service company. For more information about adding defined terms to agreements, see Adding Terms to Agreements (End User).

The following paragraph is an example of a description of the Force Majeure term:

Each party is excused from performance for any period when it is prevented from performing any obligation, in whole or in part, as a result of socioeconomic, global or natural causes beyond its control, and without its fault or negligence including acts of God, strikes, lockouts, riots, acts of war, epidemics, terrorism, and power failures.

This task is a step in Roadmap for Administering Agreements.

To create a term template

  1. Navigate to the Administration - Contracts screen, then the Term Templates view.
  2. Create a new term template record, and complete the fields as appropriate.

    Some fields are described in the following table.

    Field
    Comments

    Term #

    Displays an automatically assigned term number that you can change to an identifiable name for the term.

    Term Name

    Type a representative description for the term (for example, Term Length).

    Type

    Select the legal type of the term (for example, Standard, Non-Standard, or Special).

    Description

    Type a description of the actual term for the agreement.

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