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Business Rule for a Contact Field based off an Account Field's data

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I think this might not be possible, but wanted to ask before I give up.  I would like to make a business rule hides or shows a multiset option based off an answer given in the contacts company.  I can only see options for rules in each environment (Contacts or Accounts) separately.

In more detail:  For us, an Account has a Field for Facility Type (clinic, retail, distributor)  If the Account is listed as a distributor, I want to have a Field visible under the Contacts attached to the Account labeled Territory so we can identify what distributor contacts are in what territory.


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