Set Up Renewal Rules

Do this to set up renewal rules for service contracts:

1. Navigate to Manage Contract Rules from the Setup tasks side panel.

2. In the Renewal Rules Templates tab, click Create.

3. Enter Template Name, Renew Before End Date, Minimum Renewal Duration, Renewal Duration, Period, and Renewal Process.

4. Along with that, provide Coterminate, Renewal Level, Customer Acceptance, and Internal Approval.

5. Set the Price Adjustment Type to enable Price Adjustment Basis and Price Adjustment Value.

6. Choose the Billing Template you created in the Billing Templates tab.

7. Save and Close the renewal rules.