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Creating Term Templates

Term templates are used to create standard terms which can be added to contracts, for example, Force Majeure. Force Majeure is a special term used to protect against events beyond the control of the service company. The description of this could be similar to the following:

Each party will be excused from performance for any period during which 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.

To create a term template

  1. Navigate to the Administration - Contracts screen > Term Templates view.
  2. Create a new record and complete the necessary fields.

    Some fields are described in the following table.


    Term #

    The number of the term.

    Term Name

    A representative description for the term; for example, Term Length.


    The legal type of the term: standard, nonstandard, or special.


    The actual term as it is used in the agreement.

    See Adding Agreement Terms to Agreements for more information on adding defined terms to agreements.

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