Daily renewing contracts

An additional lifespan has been added in the field „Contract Lifespan“ for handling daily renewing contracts.

This kind of contract would typically have no ending date and can be cancelled every day, sometimes with a period of notice.

So you would need to enter the starting date and in the field ending date you would enter the next possible ending date. If there is a 3 month notice, you would enter todays date plus 3 months. In the field “Date of notice” you need to set today’s date so that it renews tomorrow.

You cannot not enter a date in the reminder date field as that would rollover on a daily basis as well. So if you want to set a reminder for this type of contract, you would need to enter a reminder in the event section.

Following this sample with todays date, september 7, 2013:

daily renewing