In Conga Contracts, companies are divided into two categories: internal and external. Internal companies are all of your legal entities, which include your primary company and any subsidiaries or other entities that have the legal capacity to enter into a contract. An external company refers to the other party that has entered into a contract with your company. The other parties to your contracts can be customers, suppliers, distributors, or vendors. A Company Profile should be created for all internal and external companies, and the Mark as Entity option should be applied to the companies that can legally be named as a party to a contract.

If you erroneously mark as company as a legal entity, you can easily unmark it as a legal entity.