EM - Contracts - Change to Existing Contract

Question -

In the Engagement Manager Contracts module, a record was created with service type 'Standard FFS' in error, instead of service type 'No compensations'.

Can I Change the Contract Fee for service type?

Answer -

Once the contract is created and saved, these fields are locked from modification. To resolve this:

1. Create a new record and set the fee type to 'no compensations'
2. Close out the record with the 'wrong' fee type.
3. Notate what transpired in the notes of both the closed record as well as the new record created.