After the parties have finalized and signed the contract, you can activate the contract to bring it into effect. Activating a contract record is crucial because it ensures that the system monitors key dates and events and that all in-effect contracts are included in appropriate searches and views.
Prerequisites
No review cycles are In Progress for the contract.
Contract documents are reviewed and signed.
Status category and status of the contract are in In Signatures | Fully Signed.
Start Date and End Date are added to the contract.
Contract End Date is not less than the Activated Date.
To activate a contract
On the Contract Detail page, click Activate. The contract is activated and the Status Category and Status are updated to In Effect and Activated, respectively. In Effect | Activated. Also, the Activated Date value is updated to the date of activation. You can view the Amend, Renew, Expire, and Terminate buttons on the Contract Details page.
From the Available Documents section, select the documents you want to activate.
By default, the executed document is selected. Note that any documents not selected for activation are deleted after the contract activation.
Click Activate.
Click Done to return to the Contract Details page.
(Optional) Click Notify others to send an email notification to stakeholders.
Enter recipients in the To field.
(Optional) From the Email Template dropdown, select an email template.
(Optional) See the Email Preview and update the email subject and email body if required.
Scroll to the end of the page to the Attachments section and unselect the documents you need to remove while notifying the stakeholders.
Click Notify. A notification email is sent to all recipients.
