Draft State
Last updated
Was this helpful?
Last updated
Was this helpful?
As every involves certain action(s) taken by the party (or both parties), the draft state requires:
the creation of the contract by either party,
the approval of the contract terms by both parties.
For more information refer to "".
This is the only contract state when any of its conditions can be edited until both parties reach an agreement. Such conditions may include the , the , or other details of a new contract. It is important that parties discuss and mutually agree on all terms of the created contract before it enters the next state - the .
This keeps the details of the deal in one place, readily available to both parties at any time, and prevents confusion.