How Do I Terminate a Vendor Contract?

By their nature, Vendor Contracts have a pre-planned term and an Expiration date. Thus, Vendor Contracts either:

  • reach the pre-planned Expiration date and are (auto) Renewed.

    or

  • reach the pre-planned Expiraton date, are not Renewed, and are Terminated when no active Services are associated and if a Termination date is provided.

Manual Termination

You may manually Terminate a Vendor Contract by following these steps:

1
Click on Contracts.
2
Click on Vendor Contracts.
3
Use the Search and Filter options to locate your target Vendor Contract.
4
Click on Edit.

5
Change the Contract Status to Terminated.

6
Provide a Termination date in the past. The date cannot be today or in the future.

7
Click the Save Changes button.