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Expired contracts are legally binding agreements that have reached their predetermined end date and are no longer in effect.
LawVu considers a contract expired when the Expiry Date field, located at the top right of the contract, reaches the specified date.
The expiry date
The 'Expiry date' field can be included in the Create and Completion form of selected contract types, allowing users to specify when the contract will no longer be in effect during the contract creation process and/or when executing a contract.
To adjust the Expiry date of a contract, click on the Expiry icon on the right side of the Overview tab above the ellipsis button and enter the appropriate date.
You can also delete an expiry date:
Read this article to learn how to renew expired contracts.
Contract expiry notifications
30 days prior to a contract expiring, an email reminder is sent to the all the members of the contract.
On the date the contract expires, the contract members are again notified.
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.