---
sourceDocument: Australia Asset Management
sourceDocumentLink: https://servicenow-prod.fluidtopics.net/r/it-asset-management

 Release :

    - australia

ft:locale :

    - en-US

ft:publication_title :

    - Australia Asset Management

ft:clusterId :

    - itam

bundleId :

    - itam

workflow :

    - Technology


---

# Contract Management use

# Contract Management use {#ariaid-title1}

* Release version: Australia
* 
* Updated March 12, 2026
* 
* ![](https://www.servicenow.com/docs/portal-asset/ico-clock) 1 minute to read

Users with the contract_manager role can use the Contract Management application to create
various types of contracts, such as leases, warranties, maintenance, and service.  
You can add the following information to contracts.

* Assets covered by the contract
* Users covered by the contract
* Terms and conditions associated with the contract
* Other documents related to the contract
{#c_UseContractManagement__ul_qkn_5sk_gr}

Track the various stages of a contract from draft to closure by viewing contract history and
running reports. Adjust, extend, and renew active contracts.
* **[Contract life cycle](https://servicenow-prod.fluidtopics.net/EecMO~u_CzoktoIDrFYcLg)**   
  From creation until closure, contracts follow a life cycle that determines which fields can be edited.
* **[Contracts](https://servicenow-prod.fluidtopics.net/NrpuUDnqvnZ_LUQX6JHzJQ)**   
  A contract is a binding agreement between two parties.

**Related concepts**   

* [Contract approval flow](https://servicenow-prod.fluidtopics.net/5DVV7Y7VTmPMubuFunnixA "Use the Contract Approval flow to get approval from the approver defined in the contract. You can edit the existing flow or create a flow in the graphical Workflow Studio to meet your organization's contract approval process.")
* [Condition check definitions](https://servicenow-prod.fluidtopics.net/Td0JWhJ9JdyeZgzYYLaELA "Condition check definitions enable you to define logical conditions that indicate when to change a field value in a record.")
* [Domain separation and Contract Management](https://servicenow-prod.fluidtopics.net/OL6eArKTXDj5HvoieipGjA "Domain separation is unsupported in Contract Management. Domain separation enables you to separate data, processes, and administrative tasks into logical groupings called domains. You can control several aspects of this separation, including which users can see and access data.")  
**Related tasks**   

* [Use the Asset Contract Overview module](https://servicenow-prod.fluidtopics.net/DaCA83QWZLtXKDF5MEFyXg "You can view information about your contract status in the Contract Management Overview module.")  
**Related reference**   

* [Components installed with Contract Management](https://servicenow-prod.fluidtopics.net/0I5mO9P3TAoK~9DHiwVQ1w "Several types of components are installed with Contract Management.")