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A contract in hoteliga corresponds to a real, physical contract that you have signed with a "classic" booking agency, meaning a booking agency that is not an OTA, but rather an agency that reserves a certain number or all of the rooms of a property for a season at pre-agreed prices.

A contract is connecting a booking agency and a price list for a certain period.

In this way, you can have multiple contracts for the same booking agency, but for different period.

You cannot have overlapping contracts unless they correspond to different channel connections.