The Contact History allows you and anyone you share your addresses with (they don't have to have edit rights to the address) to add separate entries that give details on when you last contacted someone in your Address Book.
Each entry in the Contact History will list what date the comment was made, who made it, the account name of the person that made it, and what the note is about. You also have the option of adding a follow-up task to your Contact History entry to your To Do List in case there's a future action you need to make regarding that contact.
To add a follow-up task to your Contact History entries you must first create an entry. Follow the steps in the image below:
Once you've clicked on the green "New Entry" button you'll see your entry has been added to the Contact History for your address. You'll also see a blue "Add follow up task" link to the right. Click on that link and follow the instructions below:
When you click on the check box next to "Send me a reminder" you'll notice that you won't be able to customize when and how the reminder is sent. The reminder will be sent at the default schedule, which is 5am the same day as the due date and the message is sent by email and text message.