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Contract standard object vs Contract custom


We have develoepd a managed package, in which we want to include Contract management feature (sending contract, payment, send pdf, updates in SF etc). I want to know what all extra features I'll get if I use standard Contract object? Which I will not get if I create a new custom object? We are thinking to create a custom object because it is more flexible if product (managed package) is concerned.

Please tell me what should I prefer. Few things I know that we get on standard Contract i.e. activating, locking it down etc. Though I'm not sure what Activate button exactly does.

Please help me understand all features that std Contract object offers.

Thanks in advance!

Can someone please help me resolve my doubts in this? We are developing a managed package so really need to know this. Please help, I'm stuck. Or this is not the right place to ask such questions?? Please tell me.

Brian Hopkins 25Brian Hopkins 25
Hi Shrutiii, did you find a good resource for this?  I am now considering the same question.