Patent ID: 7007227

Claim:
A contract handling method relating to an executed master contract between a corporation and a company, said corporation comprising a plurality of units, said method comprising generating at least one statement of work (SOW) under the master contract, each SOW of the at least one SOW being associated with a corresponding unit of the plurality of units such that each SOW describes a project of its corresponding unit with the company, said generating comprising, for a SOW of the at least one SOW; selecting one or more model agreements from a library of model agreements; merging all or part of the one or more model agreements to form the SOW; processing reminders of key dates for the SOW into tracking data; storing the SOW and tracking data in a repository; amending the master contract; notifying all associated SOW owners of the at least one SOW of said amending; and wherein the master contract cannot be closed if any SOW of at least one SOW is still open.