Terms and conditions can contain information such as liability
concerns, shipping and handling details, and delivery time expectations.
You can create term types which can be associated with terms and conditions.
Terms and conditions
You can create and maintain a library of terms and conditions
that your company and your vendors must follow on purchase order and
contract transactions. Terms and conditions can contain information
such as: liability concerns, shipping and handling details, and delivery
time expectations.
Term types
A term type is a user-defined value that is associated with a term in the Terms and Conditions application. The term type allows you to filter all records in the Terms and Conditions library by searching on the Type field. Defining a term type is optional.