Manually changing a contract status
Contracts can move through several statuses. The status transitions available depend on the contract’s current status.
Every newly added contract is automatically assigned the In preparation status.
A contract’s status changes automatically in the following situations:
• From Active to Renewed when a renewal option is applied.
• To Terminated when a termination option is applied.
For details on contract options, see Using contract options.
If a contract is not terminated by either party before its end date, you can manually set its status to Expired once the end date is reached. When you set a contract to Expired, all linked active contract lines are also automatically set to Expired. You can also set individual contract lines to Expired.
A contract’s status can only be changed if the reference date is active. For more information on using reference dates, see Reference date.
Procedure
1. At the Contracts selection level, click the contract(s) whose status you want to change. To change the status of several contracts simultaneously, use the Action on selection option. For bore information, see Action in selection.
2. On the Status transitions action panel, click the required status. This panel shows the status transitions that are currently available.
3. The status is updated. The System status field is automatically populated with the new contract status.
 | • Activating a contract by selecting Active makes the contract active from its effective date, regardless of the reference date. After activation, all data fields become read-only. For information on modifying an active contract or contract line, see Modifying contract (line) data. • You can only activate a contract if either the Customer or the Accepting contracting party field is populated. |