Contract Status provides an indicator of where your contract is in the contract life cycle or stage. Status can change depending on the different activities done i.e. from Draft -final draft-active and expired.
Follow the below steps:
2. Go to “OTHER CONFIGURATIONS” module
3. Click on “Contract Status” link
4. Click on “Add Contract Status” button at the top page
5. Enter status name in the pop out form. Once done click on the Save button to submit.