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Amendments |
  
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Amendments |
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Contracts within EnergySteward.com can record various amendments that might be negotiated and signed between the primary and counter party. An unlimited number of 'Amendments' can be assigned to a contract. Storing the amendment information within EnergySteward.com allows for reports and queries against your contracts, based on amendment types. More information about contract amendments can be found in the configure contract amendments area within this manual. Recording these amendments are optional, but if entered can greatly assist in analyzing various aspects of your contracts. Important note: It is a good practice to not only store information about the individual amendments here, but to also scan and store the actual signed amendments to the contract correspondence area.
Add Amendment (button) - Click this button to add a new amendment to the contract.
View/Edit Grid Button (pencil) - Click this next to the applicable amendment in order to change any of the information relevant to the contract amendment relationship.
Delete Grid Button (red x) - Click this next to the applicable amendment that you want to permanently delete. When you delete a amendment, then all information relevant to that contract amendment relationship will be permanently deleted. Important note: You will be presented with a confirmation ("Are you sure...?") dialog box prior to deletion.
The following shows the amendment detail which you are presented with when adding or updating an contract amendment.
Amendment (drop down list box) - Select the amendment type from the list of available amendment types. See the configuration contract amendments area for creating/updating amendments. This item also includes a quick add icon for setting these amendments up directly from this screen (if you have appropriate security).
Effective From (popup calendar) - This is a required field. It will default to '01/01/1800'. This should be left at the default value unless date effectiveness for this amendment is important.
Effective Thru (popup calendar) - This is a required field. It will default to '12/31/3000'. This should be left at the default value unless date effectiveness for this amendment is important.
Notes - This is optional and can be any related notes about the amendment which is needed for clarification. In some cases, the actual amendment verbiage is taken from the underlying contract amendment and posted to the notes area (it can be queried and reported upon).