Tracking the contract lifecycle

You can use the contract status and status reasons to track the contract throughout its life.

A status can have one of the following status values:

Draft — Before the contract start date, the contract has a draft status. You can reset a cancelled contract to draft status.
Executed — At the contract start date, the contract status becomes executed.
Historical — When an executed contract expires or is canceled, its status is set to historical.
Delete — Use this status to flag contract records for deletion.

Status reason provides additional information, as listed in the following table:

Contract status reasons

Status	Status reason	Description of status reason
Draft	In negotiation	The contract is under negotiation.
	Pending Signature	Negotiations and review are completed, but the contract is not signed.
Executed	Active	This is the default value for executed contracts.
	Requires Attention	This value is set when there is no activity on the contract for the configured amount of time.
	Under re-negotiation	When a contract is being renegotiated, a possible change is pending.
	Change Pending	A change on the contract is pending.
	On Hold	No activity is allowed on this contract until the status reason is changed.
Historical	Expired	When a contract reaches the expiry date, its status is set to historical, and the status reason is set to expired.
	Terminated	Indicates a contract that was terminated at the expiry date.
	Cancelled	Indicates a contract that was terminated before the expiry date.
Delete	Scheduled for Deletion	The contract record is scheduled for deletion and can be removed.

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