4.1. Business Requirements
There is a relationship between the electronic model agreement creation for the trading partner enterprise model (scenario 1) and the negotiation of a legal electronic agreement by two partners entering into a specific contractual business arrangement (scenario 2).
The data categories included in this agreement electronic model agreement are summarized below and further defined in Section 5.3, Business Information Model Definition.
Partner enterprise identification data which includes enterprise or legal entity name, address, responsible negotiation business entity and contact information. A 3rd party partner may represent a contracting partner.
Core contract agreement terms conditions and clauses which apply to any contract across all industries and countries.
Industry or country-specific contract agreement terms conditions and clauses.
Signature box and final acceptance which includes electronic acceptance signatures at the individual clause level and at the final electronic agreement sign off level.
Agreement negotiation actions drop-down menu options - which includes:
Acknowledge and accept clause without comment
Acknowledge and accept clause with comment
Reject clause with comment
Comment text box
Document Management Details:
Document status and date
Agreement version/revision number
Accepted
Accepted with proposed changes
Rejected
Rejected with proposed changes