This excerpt from a technical white paper details a customizable Contract Negotiation setup for Oracle CPQ 2016 R1. The podcast outlines the purpose, overview, and components of the solution, which hinges on "Compare" and "Merge" REST endpoints. These endpoints enable users to compare two contracts in DOCX format and merge approved changes from one contract into another. The podcast also includes a detailed walkthrough of the Contract Negotiation process, highlighting associated actions and attributes, BML library scripts for various functionalities, and a comprehensive setup guide for data tables, email templates, and document designer templates. The primary objective is to provide a template configuration for businesses to tailor their Contract Negotiation process using Oracle's CPQ Commerce tools.