Approving a new Contract - Business

Quick answer

• Review the contract details.
• Update and upload the contract.
• Approve the contract so the vendor can receive it.

There are two situations in which the Business team reviews a contract: after the legal team approves it through the standard pathway, or when the vendor returns the contract during negotiations.

1. Review the contract information already in the form

   The contract Initiator or the Contract manager completes the fields in advance.

2. Update and upload the contract

   Add necessary changes, then download the latest contract by clicking Download current version. Then, upload the updated version in the Attachment tab under Upload Contract.

3. Approve the contract

   This forwards the contract to the assigned Vendor for their review. After Vendor approval, the contract will move to CPO approval.

   Note: The approval pathway remains blocked until the vendor approves the contract or requests changes to it. The negotiations occur on the platform.