Contract Withdrawal
You can withdraw a contract to freeze it from further modification or negotiation. Few properties of a withdrawn contract can be changed.
Definition
Contract withdrawal is a method to terminate negotiation, prevent future presentation and execution, or to record the contract’s state of non-acceptance.
Characteristics of a withdrawn contract
A
withdrawn contract has the following characteristics:
- A withdrawn contract can be opened and viewed by users who have the permissions to it. A withdrawn contract is not available to external party users and can be opened only by internal users in the read-only mode.
- All properties of the contract remain available for your future review and you can determine why its presentation, negotiation, acceptance, or execution was not completed.
- You can review the withdrawn contract’s comments, notes, and revision and activity history to determine how you can proceed, and then optionally restore it to the status it held (Draft or In Negotiation) before it was withdrawn.
- You can also delete a contract that you no longer need.
Actions to modify a withdrawn contract
The following actions can be used to change a withdrawn contract.
- Restore a contract, which makes it fully editable according to permissions.
- Update its folders or internal contact in the Repository
- Delete it according to permissions.
- Have a relationship that is defined with another contract - the relationship must be initiated in the other contract, and permissions are required in both contracts.