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Find out about Use Cancel Binding Period ; |
to cancel the contract between the customer and your business |
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Table of Contents
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When to use Cancel Binding Period
Use Cancel Binding Period Classification to cancel any current customer contracts.
Subscriptions may be created with or without a contract or with no contract. When the subscription Subscription is with no contract it means that without a contract the subscriber is not bound by any agreement to be a subscriber for a defined period of time.If a subscription is created with a contract and the contract is to be removed from the subscription then the action Cancel Binding Period is to be used to cancel any current contracts of the customer..
View the Information Table below for information related to the Scheduling, Preview Rating and Classification of the Subscription Action. Check the Validations & Restrictions Table below for a list of available Actions, including each Action's related validations, restrictions, additional information and a description of its system process.
View 'Using the Subscription Action Modal' available in Managing Subscriptions for more information on executing the Action.
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Subscription Action Information
Action can be scheduled | Preview Rate AvailableBehavior | Behaviour Code | AMENDBILLINGTERMSBusiness Classification Code | |
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AMENDBILLINGTERMS | CANCELEDBINDINGPERIODTERMS |
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Action | Validations | Restrictions | Additional Information | System Processing |
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Cancel Binding Period |
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Action will be validated as provided in the section above and submitted if validations are passed
Once the action is submitted the following changes will be carried out by the system:
A new billing term instance with no binding termsClassification: Cancel Binding Period
Agreement Date: Click on the Calendar icon and select the date for which the contract has been cancelled
EXISTING BILLING TERMS
Provides an overview of the existing billing terms
UNSETTLED BILLS
- Provides an overview of any Bills related to the subscription and have not yet been settled
SUBSCRIPTION ACTION DETAILS
Action Type and Sub Action type are visible only if applicable
If you leave empty then the Logged in user will be set
Performed Date: Click on the calendar icon and select date and time
SCHEDULING INFORMATION
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If another scheduled Amend Billing Terms action exists, then you are not allowed to execute the action now. You are allowed however, to schedule the action after the execution of the current scheduled action |
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