This activity is use to renew an existing Request Contract. It is possible to renew a Request Contract once an Expiry Date has been defined. Use the command Renew and define a new validity period, as well as a new contract name and ID if necessary, and a new revision of the existing contract will be created. You can create a quotation for the new contract by selecting "Quotation Needed" in the Renew Request Contract assistant.
As a result of this activity new request contract will be created with new ID as a revision of the parent request contract. All information in the existing contract other than the invoicing information, will be copied to the renewed contract.