When can a contract be renewed?
A contract can only be renewed once it has expired. NOTE: You will only see the 'Renew contract' option if the contract was in an executed state when it expired.
Who can renew a contract?
The Contract Owner can only renew a contract.
If you have been tasked with renewing the contract and are not the current owner, you can assign this role yourself. From the Contract Overview tab, look for the Contract Owner field and then search for and assign the contract to yourself.
How to renew a contract
To renew a contract, select the Renew Contract option in the drop-down menu on the right side of the Contract Details tab. This drop-down menu is accessed by clicking the three-dot ellipsis button.
If you have just assigned yourself as Contract Owner, you will need to refresh the page to make the ellipsis button appear. Please note: You will only see the 'Renew contract' option if the contract was in an executed state when it expired.
How to adjust the expiration date
Click on the Expiration icon on the right side of the Overview tab and enter the appropriate date.
Please note that you cannot change the expiry date on a contract that has Expired while in the Executed state. If you attempt, you will be prompted to renew the contract.
On the other hand, if a contract has expired without being executed, you can adjust the expiry date, and this will revert it back to the stage it was in prior to expiring.
