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Expired contracts are legally binding agreements that have reached their predetermined end date and are no longer in effect.
In LawVu, a contract is considered expired when the Expiry Date field, located at the top right of the contract, has reached the specified date.
The Expiry date
The 'Expiry date' field can be included in the Create Form of selected contract types, allowing users to specify the date when the contract will no longer be in effect during the contract creation process.
It's important to note that the field is not available in the Contract Details tab.
To adjust the Expiry date of a contract, click on the Expiry icon on the right side of the Contract Overview tab above the ellipsis button and enter the appropriate date.
You can also delete an expiry date:
Check this article for information on How to renew a contract once it expires.
Contract expiry notifications
30 days prior to a contract expiring, an email reminder is sent to the contract owner:
On the date the contract expires, a new email notification is sent to all the members of the contract:
The notifications above are not controlled from the Notification Center. These are automatically sent based on the contract expiration date and cannot be turned off.
View all expired contracts from the grid
Identifying and tracking expired contracts allows you to keep accurate records of your contractual commitments and obligations.
To easily surface all expired contracts in your repository, you can add the Stage attribute to your All contracts/My contracts grid and filter by 'Expired'.
Here is a visual animation to guide you through the process.