Default Object State Definition for Contract

An Object State Definition lists the contract’s valid states and the valid transitions between those “To” and “From” states. State transitions automate the progress of a contract from one state to the next.

When you enable the ContractManagement license, these default Object State Definition configurations get created:

Note The Contract Lifecycle Management object state definition is applicable only for the contract object's status field (enum).

Once the contract type is defined, all lines of business use the Object State Definition to define and support their workflow. The contract Object State Definition determines the contract lifecycle for each contract type that progresses based on the need. It controls which actions and configurations are applicable at each stage in the contract’s lifecycle. All contracts use the Contract Lifecycle Management Object State Definition by default; however, the system admin can configure a new Object State Definition for a contract type.

Use case: Felix creates two contract types. Contract Type A uses Object State Definition A. The lifecycle of this Object State Definition is Draft, In Progress, and Activated. Actions A1 and A2, associated with Object State Definition A, move the contracts from one state of the lifecycle to the next. Similarly, Contract Type B is associated with Object State Definition B. The lifecycle of this Object State Definition is Draft, Internally Approved, Negotiation, Final Approval, and Activated. Actions B1 and B2, associated with Object State Definition B, move the contracts from one state of the lifecycle to the next. The Object State Definition defines different states in the lifecycle, with the set of default actions to move the contracts from one state to the next. Actions perform specific actions and in addition, change the status of the contract between two valid states.