Entering Parties to the Contract  Usually, entering parties to the contract is limited to your organization and the customer, but you can also enter a third party such as a distributor or a dealer. You can bill only those accounts belonging to the parties that you enter here or to related
accounts as defined in Oracle Receivables.

Specifying Contract Effectivity and Maximum Duration: You can specify the dates that your contract is effective. The dates you enter become the default dates for each new contract line and set a limit to the duration of all lines in the contract.

In Oracle Fusion Applications, the Enterprise Performance and Planning Business Process Model (BPM) illustrates the major implementation tasks that you perform to create your enterprise structures. This process model includes the Set Up Enterprise Structures detailed business process, which consist of implementation activities that span many product families.

The enterprise structure of Oracle Fusion Application is similar to the organization structure in Oracle EBS Release 12.

As the name suggests it’s a fusion application from oracle which encloses the best feaures of the following oracle products :
•Oracle EBS
•Peoplesot
•JD Edwards
•Sybel CRM
And many more

1. Log in under the Service Contracts Manager or Service Contracts User responsibility.
Navigate to Contract Administration, and then select Launchpad.
Select New from the Tools menu. The Create a New Contract window appears

Oracle Service Contracts provides a complete contract authoring execution solution to manage warranties, extended warranties, usage, and subscription services, as well as complex service agreements. With Oracle Service Contracts you can:

• Sell multiple types of service.
• Define pricing and billing schedules.
• Ensure timely service entitlement checks.
• Automate renewals for recurring revenue opportunities.

Contract Terms Library
Contract administrators and legal personnel may negotiate and author a vast number of complex contracts each year. Maintaining corporate control on the terms for each contract can be a time-consuming and daunting task. The application simplifies this process by providing a centralized contract terms library.

The Oracle applications that use Oracle Installed Base are shown the picture.

Several Oracle Order Management, Purchasing, Inventory, Work in process transactions interact with Oracle Installed Base. Oracle Installed Base can track both shippable and non-shippable items.