Inactive

This is the initial status when a contract line is created.

Active

If you activate a contract, the corresponding contract lines are also activated. Any modification on a contract line can be performed only via Add modifications action on the Contracts BO. For more information see Modifying contract (line) data. After a contract is activated, the financial and accounting commitments will be registered.

For more information on Financial commitments, see Calculating and displaying financial commitments.

For more information on Accounting commitments, see the Accounting commitments section in the Lease accounting documentation.

Terminated

If a contract is terminated, the linked contract lines are also assigned Terminated status. You can also terminate a single contract line with a status change.

Expired

An expired contract line ends without an explicit action from the user if the end date of the contract is in the past. User can move the contract to expired status to be certain that the contract cannot be renewed later.