Contact Business Area Model

Contracts define the legal obligations and responsibilities of business parties.

Contracts govern the relationships with customers, vendors and employees within the scope of the relationship defined by the contract.

Contracts are an essential component of the corporate data architecture because they detail the real relationships between parties and detail the manner in which they will relate from a legal perspective.

From a customer perspective, contracts represent an important extension of the customer relationship management/CRM strategy.

From a vendor/supplier perspective, contracts govern the business relationship.

From an employer/employee perspective, contracts implement and administer human resources.

The Contract Business Area Model develops a contract data architecture supporting a variety of common contracts used by business organizations including:

>  Security Agreement
>  Purchase Order
>  Sales Representative Agreement
>  Distributorship Agreement
>  Agreement for Sales of Goods
>  Reseller Agreement
>  Equipment & Commercial Lease
>  Consignment Sales
>  Terms Of Employment
>  Software License Agreement

Each contract includes representative legal sections, terminology, definitions and relationships to enterprise entities utilizing contracts.

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