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The Configuration feature is generally used by an administrator. The Configuration tile consists of the six tiles (i.e. Contract Types, Create Contract Type, Publish, Attribute Library, Rule, Master Data) that are offered as separate features.
If you are an administrator, you can create attributes, set up rules, and create Masterdata.

Contract Types

Contract type is a structure that you can use to create requests, clauses, templates, and agreements. In ICM, you can create four contract types, Contract requests, Agreements, Masterdata, and Associated documents.