---
title: Contract fields for Enterprise Asset Management
description: A detailed description of all contract fields in the Enterprise Asset Management application.
locale: en-US
canonical_url: https://www.servicenow.com/docs/r/australia/it-asset-management/enterprise-asset-management/contract-fields-eam.html
release: australia
product: Enterprise Asset Management
classification: enterprise-asset-management
topic_type: reference
last_updated: "2026-03-12"
reading_time_minutes: 5
breadcrumb: [Enterprise Asset Management reference, Enterprise Asset Management, Asset Management]
---

# Contract fields for Enterprise Asset Management

A detailed description of all contract fields in the Enterprise Asset Management application.

## Contract

|Field|Description|
|-----|-----------|
|Vendor|Vendor that is associated with the lease contract.|
|Contract number|Unique number that is used to identify and track the lease contract. You can obtain this number from the vendor.|
|Name|Name of the lease contract.|
|Parent contract|Parent contract that the lease contract is associated with.|
|Start date|Date on which the lease contract begins.|
|End date|Date on which the lease contract ends.|
|Contract administrator|User who manages the lease contract and communicates with the vendor.|
|Approver|User who approves or rejects the lease contract.|
|Business owner|User who manages the lease contract from a business perspective.|
|Description|Description of the lease contract.|

## Financial

<table id="table_pb1_mfr_fwb"><thead><tr><th>

Field

</th><th>

Description

</th></tr></thead><tbody><tr><td>

Invoice payment terms

</td><td>

Terms that describe how and when you must make payments for the lease contract.

</td></tr><tr><td>

Payment schedule

</td><td>

Frequency at which you must make each lease contract payment.

</td></tr><tr><td>

Payment amount

</td><td>

Amount that you must pay for each lease contract payment.**Note:** You can set this field to any currency of your choice.

</td></tr><tr><td>

Applicable taxes

</td><td>

Taxes that are applied to the lease contract. Select one of the following options:-   **Exempt**: The lease contract is exempt from taxes.
-   **Sales**: Sales taxes are applied to the lease contract.

</td></tr><tr><td>

Lease term \(months\)

</td><td>

Length of the lease contract, in months.

</td></tr><tr><td>

Vendor account

</td><td>

Vendor account to which you must make each lease contract payment.

</td></tr><tr><td>

Purchase order

</td><td>

Purchase order that is associated with the lease contract.

</td></tr><tr><td>

Cost center

</td><td>

Cost center that is financially responsible for the lease contract.

</td></tr><tr><td>

Has rate card

</td><td>

Option that indicates if the lease contract has an associated contract rate card, which provides detailed cost information for the contract.See [Create a contract rate card](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/it-service-management/t_ContractRateCardsAndExpenseLines.md) for more information on contract rate cards.

</td></tr></tbody>
</table>**Parent Topic:**[Enterprise Asset Management reference](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-asset-management/enterprise-asset-management/reference-enterprise-asset-management.md)

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