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Archive standard rule/ practice for Oracle Procurement Contracts

Summary:

Hi,

We would like to know about Archive rule/policy for Oracle Contracts:

  1. If the Contract have the end date or end dated and we are not working on the contract from past couple of years, in this case it will be Archived, if so, then in how many years/ months ?
  2. If the Contract do not have the end date and we are not working on the contract from past couple of years, in this case it will be Archived, if so, then in how many years/ months ?

What are the standard rules and best practice around archiving of contracts. And what is the oracle system capability on this archiving functionality?

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