Contract

Enter a unique number assigned by the company to identify a particular contract.

A contract is defined as a legally enforceable promise and must include these factors: an offer, an acceptance, consideration, legality of subject matter, capacity of parties to execute, and more. You may want to assign some significance to the contract number (such as. a contract type code, state, year, and so forth). A contract may have multiple supplements (field GSUP) to record addenda or changes.