As agreements are drafted, sent, negotiated and signed through the Common Paper platform, they'll have a number of different statuses assigned to them along the way to help keep you aware of it's progress and let you know when there's action you need to take.
This article outlines the various statuses and what each one means.
For billing statuses, click here.
Draft Status
This status is currently the only one that occurs BEFORE sending an agreement.
Draft | The agreement hasn't been sent to counterparties yet, and can be reviewed and edited. |
Awaiting Statuses
The statuses show agreements where you are waiting on a response from your counterparty (or someone else in your own organization).
Waiting for counterparty | The agreement has been sent to your recipient and is awaiting their action.
For Common Paper native agreements, recipients have the option to decline, propose changes or sign the agreement.
For uploaded agreements sent for signature, recipients have the option to decline or sign the agreement. |
Awaiting signature | The agreement is ready to be signed internally, but you are not the signer. |
Call to Action Statuses
These statuses show agreements that are waiting on you for action.
Send manually | You selected Send Manually when creating the agreement, so the counterparty has not been contacted. This status can be manually updated from the agreement history page ("Mark as Sent") or will be automatically updated once the counterparty has viewed the agreement. |
Review Changes | Your counterparty has proposed changes, and is waiting on you to either sign the agreement or propose additional changes. |
Sign Agreement | Your counterparty has signed the agreement and is waiting for you to sign OR you have uploaded an agreement and elected to sign first. |
End Point Statuses
These statuses show agreements that have reached an end point.
Completed | The agreement has been signed by both parties. |
Request Expired | The agreement has reached it's expiration date without being completed. Agreements can be un-expired on the agreement history page. |
Declined | Your counterparty has declined the agreement. |
Voided | You have marked the agreement as voided, and your counterparty can no longer access it. |