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cancelling_a_contract [2016/05/03 10:41] – created lisa.maloney | cancelling_a_contract [2025/04/22 18:53] (current) – tina.robles | ||
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__**Cancelling a Contract**__ | __**Cancelling a Contract**__ | ||
- | To Cancel | + | **Contract Cancellation Procedure** |
+ | |||
+ | This outlines the process for cancelling | ||
+ | |||
+ | __Procedure: | ||
+ | * Access the Contract: Navigate to the specific contract within the system. | ||
+ | * Locate Action Menu: Identify | ||
+ | * Initiate Cancellation: | ||
+ | |||
+ | __Important Considerations: | ||
+ | * Ensure that you have the necessary permissions to perform contract cancellations. | ||
+ | * Before proceeding with cancellation, | ||
+ | * Be aware that cancelling a contract may have significant legal and financial implications. | ||
+ | |||
+ | Note: It is recommended to document the reason for cancellation. | ||
+ | |||
+ | |||
+ | {{: | ||
+ | |||
+ | **Cancellation Eligibility**: | ||
+ | * Contract Status: The contract must be in either of these states: Draft or Evaluation | ||
+ | |||
+ | * Authorization: | ||
+ | - Contract Creator: The individual who initially created the contract. | ||
+ | - Contract Approver: The designated person responsible for contract approval. | ||
+ | |||
+ | **Important Considerations: | ||
+ | * Verify the contract' | ||
+ | * Ensure that you possess the necessary role-based authorization to perform this action. | ||
+ | * Be aware that cancelling a contract may have significant implications for ongoing negotiations or evaluations. | ||
- | {{: | ||
- | A contract can only be Cancelled if it is in a Draft or Evaluation state, and only the Contract Creator or Approver of the contract has the ability to Cancel the contract. | ||
----- | ----- | ||
- | After clicking | + | **Contract Cancellation: |
+ | |||
+ | This outlines the steps and system behavior during the contract cancellation confirmation process. | ||
+ | |||
+ | __Confirmation Procedure: | ||
+ | * System Response-Upon selecting the "Cancel" action, the system displays | ||
+ | * User Options-Confirm Cancellation-Select " | ||
+ | * To Abort Cancellation, | ||
+ | |||
+ | **Important Note**: The cancellation action is irreversible once confirmed. Ensure that you have verified the necessity of this action before proceeding with the confirmation. | ||
+ | |||
+ | **Best Practice**: Review all relevant | ||
+ | |||
+ | |||
+ | |||
+ | {{: | ||
+ | |||
+ | {{: | ||
+ | ----- | ||
+ | A Cancelled Contract is Non-Claimable. | ||
+ | ----- | ||
+ | |||
+ | __**Un-Cancelling a Contract**__ | ||
+ | |||
+ | Users with permissions have the option | ||
+ | |||
+ | {{: | ||
+ | |||
+ | **Contract Un-Cancellation: | ||
+ | |||
+ | This outlines the conditions and restrictions governing the un-cancellation of contracts within the contract management system. | ||
+ | |||
+ | __Eligibility Requirements: | ||
+ | |||
+ | The system evaluates existing contracts within the same timeframe for the following statuses: | ||
+ | * Draft | ||
+ | * Evaluation | ||
+ | * Terminated | ||
+ | |||
+ | Un-Cancellation Conditions | ||
+ | * Permitted when: No overlapping contracts exist in the specified statuses and the timeframe is clear of conflicting contract states | ||
+ | * Restricted when: Any overlapping contract exists in Draft status, Any overlapping contract exists in Evaluation status, Any overlapping contract exists in Terminated status | ||
+ | |||
+ | System Validation: The contract management system automatically performs these validations to maintain data integrity and prevent conflicting contract states. | ||
+ | |||
+ | **Best Practices: | ||
+ | * Review existing contracts within the relevant timeframe before attempting un-cancellation | ||
+ | * Ensure resolution of any conflicting contract states before proceeding | ||
+ | * Document the business justification for contract un-cancellation | ||
+ | |||
+ | Note: This validation process helps maintain the integrity of the contract management system and prevents potential conflicts in contract administration. | ||
- | {{: |