Termination a contract

To terminate the contract you need to provide a reason for termination in the contract renewal process.

After fully approving the contract renewal process with a reason for termination, fields in the contract are updated. Field ‘date terminated’ is filled with the date on which the contract renewal process is fully approved. The reason for termination is also copied to the contract. The end date is updated based on the information from the contract renewal process.

When running the scheduled script “Demo; Start contract review or renewal if needed”, contracts with an end date of ‘today’ or earlier which are fully invoiced already, will be deactivated automatically. This means you do not need to manually deactivate terminated contracts.