What Does "Terminate a Contract" Mean?
When your company cancels a contract, you can mark it as "terminated" on Concord in order to easily identify it for future reference.
How to Terminate a Contract?
To mark a contract as terminated:
- Open the signed contract from your contract library.Then go to the "..." (more options) button at the top right of the contract and click on "Mark as terminated".
- Enter the date of termination notice, and the effective date of termination (the date when the contract was effectively terminated).
- Click "Mark as terminated" to confirm.
You can cancel termination at any time by going to "..." (more options) button, and then select "Cancel the termination".