When you assign a clause to a contract template, the system does not associate a specific version of the clause. You can export clause details from the text area to a document in MS-Word.
Note: The latest version of the clause is always displayed if that is the only available version of the clause in the Library.
For display purposes, the system uses the latest version of the clause subject to the following exceptions.
Latest version is On Hold. In this case, the system displays the previous approved version of the clause if exists.
Latest version is Pending Approval. When the latest version of the clause has status Pending Approval, the following extra condition is evaluated:
If a previous version of the clause is Expired, the latest version of the clause is displayed, else the previous approved version of the clause is displayed.
Approved Clause with a later Draft version. If a later version exists in Draft status, the clause text from the Draft version is displayed.
Approved Clause with future Draft version. The system displays the latest approved version of a clause when the latest Draft version of a clause has a Start Date later than the current system date.