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Use > Configuration Management > Configuration Management administrator tasks > Contract Management overview > The contract life cycle
The contract life cycle
You can manage a contract throughout the contract life cycle. To do so, follow these steps:
- Create the contract.
The initial status of the contract is draft. You can delete a contract only while it is in Draft status. - The contract term begins on the start date entered in Service Manager.
On the start date, the status of the contract changes to Current. - The contract term ends on the expiration date entered in the system.
At the end of the contract term, you must renew the contract, otherwise it expires.