Types of Contracts – Based on Validity Valid Contracts. The Valid Contract as discussed in the topic on “Essentials of a Contract” is an agreement that is legally binding and enforceable. Void Contract Or Agreement. Voidable Contract. Illegal Contract. Unenforceable Contracts.
Direct Purchases: Goods/services directly used in production (e.g., raw materials). Indirect Purchases: Support operations but not production (e.g., office supplies). Capital Purchases: High-value, long-term assets (e.g., machinery). Service Purchases: Professional or contractual services (e.g., consulting)
On the Sales agreements page, on the Sales agreement header FastTab, specify the following details: In the Currency field, specify the currency for the agreement. In the Effective date field, specify the effective date for the agreement. In the Expiration date field, specify the expiration date for the agreement.
Navigate to Sales and Marketing> Prices and Discounts > Trade agreement journals. Create a new Trade Agreement by clicking the New button. Select Journal name. Since we are going to change sales prices we will select 'S_Price' journal name.
Create and post a new trade agreement journal Go to Sales and marketing > Prices and discounts > Trade agreement journals. Select New. In the Name field, select the drop-down button to open the lookup. In the list, find and select the desired record. On Action Pane, select Lines.
Create an SLA In the site map of Customer Service admin center, select Service Terms in Operations. The Service Terms page appears. In the Service Level Agreements (SLAs) section, select Manage. The All Service Level Agreements view is displayed. Select New. Enter the following details on the General tab. Select Save.