<h1>Contract management</h1>
<p>Contract management implements concepts for creating and administrating <a
href="#!/guide/p14D09AE6_4738_4539_9DDF_D79C9385A02A">contract files</a> and their <a
href="#!/guide/pEB586201_2285_4D03_9D72_4F799451178E">life cycles</a>. Each contract represents one contract file containing all information and <a
href="#!/guide/p02BB6BA8_742E_4B4C_8D61_C4B723CB9CE5">documents</a> related to the contract. The contract file goes through multiple phases, beginning with contract draft to contract archiving after it has ended.</p>
<p>{@img img1.png}</p>
<p>Contract information represents all data relevant to the contract. This includes the necessary <a
href="#!/guide/p10C4B882_3072_4CC4_BED1_E497E57E8B95">master data</a>, <a
href="#!/guide/p6A9FD817_883A_4DBE_ACE2_F7C172FD8BE8">status information</a>, and <a
href="#!/guide/p83D97DC8_3179_4C49_BD79_E02E6ED4DB18">deadlines as well as contract durations</a>. It is used in <a
href="#!/guide/p8167F7FB_A9F6_4175_B8B0_CC461261E05D">contract monitoring</a> and <a
href="#!/guide/pE69DE282_BE86_4C3A_9453_49F9DE18F75A">contract governance</a>, serving evaluation and analysis purposes.</p>
<p>Furthermore, this contract information establishes a <a
href="#!/guide/p551C5305_D9E1_41D7_9927_32EECF2E617B">filing structure</a> standardized company-wide and aids in automatically <a
href="#!/guide/p987E8B3B_D687_486E_A601_F4A3D4ED84EA">creating contract documents</a>.</p>
