Contract Addenda, Installments, and Extensions

Creating addenda and optional installment and extension processes.

Last updated 20 days ago

Open the Contract Addenda section in the contract card. Here, you will see the addendum number, title, Contact person, status, and validity dates. To create a new addendum, click New record.

Since an addendum is a separate document, assign it a clear title and number, and select the Contact person, status, and dates. If necessary, generate the addendum document and initiate the signing process. Keep the files for the main contract and the addendum separate.

If the installment schedule is enabled in your Hanna environment, enter installments according to the terms agreed upon in the contract. These installments can be used to determine when creating a Invoice is permitted. If you do not see the installments section, contact your administrator.

Contract extension (Opportunity) also depends on the configuration in use. If there is no specific extension action, update the contract according to your organization's process or create an addendum specifying the new dates and terms.

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