Agreement Management component is responsible for creating, storing, editing, and tracking agreed arrangements with related terms and conditions over a lifecycle. The component manages offers, records acceptance, and associated considerations and intentions to establish agreements as legally binding. As well these components provides workflows and templates that facilitate collaboration, communication and negotiation of agreements between parties, and administers the specificities related to translate agreements into contracts, when it is required. It provides a secure storage, version control, compliance management, and renewal notifications for agreements.