SAP SRM Contracts Vs SAP CLM Contract

Hi SAP Gurus,
Can you guys please tell me the difference between SAP SRM Contracts and SAP CLM Contracts.
In which factors SAP CLM serves better than SAP SRM??
Why SAP CLM came into existence when we have SRM Contracts? What are the draw back and what is not achieved with SRM Contracts?
Thanks in Advance

Hello Sanjay
There are many differences, SAP CLM Contract run in Sourcing and SAP SRM Contracts run in SRM.
Advantages CLM Contracts:
- Establish a contract as a result of a project
- build the draft agreement from a template
-   - Create your own folder structure to organize your contract attachments
    - Transfer quickly attachments between the different folders
-   - Download easily multiple attachments with a single click
- Administrator can create new customer fields (extensions) and customer tables (extension collections) for all      master agreements or specific master agreements
     - New customer fields are immediately available in the UI and as a search parameters 
      - All is done via configuration, therefore no upgrade issues
     - Generation of contract document out of master agreement
     - Template Library with approved legal contract templates for quick contract generation
     -  Possibility to provide end user with flexibility to modify the provided content from the template during contract creation
      - Adjust contract by adding or removing of clauses and sections to the content provided by the selected contract template
      - Multiple content options (alternative clause content) available to provide end user with controlled flexibility
      - Automated transfer of master agreement meta data into generated contact document
      - Creation and transfer of line item table into contract document
-     - Creation of a unique barcode on the contract header
      - Contract negotiation with clause changes in MS Word are tracked in the contract repository
      - Change of meta data like Agreement Effective Date in MS Word possible and transfer back to master agreement in repository
      - etc
The are the possibility to integrate CLM contract to SRM Contracts
Regards

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