Business Use: We have a one-to-one relationship between opportunities and contracts.  Every opportunity that is sold results in a contract.

Current Setup: We have lookup fields setup that allow users to create a new contract from an opportunity.

Request: When in the new contract screen, we would like some information to pull in from the opportunity automatically (account name, business unit, etc).  As I understand it, this requires formula fields.  Has anyone done this before or know what I need to do  to make this happen?

I appreciate any insight you can give!

Thanks,

Natalie