Contract lifecycle
In the Mid Tier interface, 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 canceled 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.
Contract status reasons
Status reason provides additional information, as listed in the following table:
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