====== Agreement Lifecycle State ====== [[public:99_annexes:annex-b-terms-and-definitions:start|Go up to Terms and Definitions]] ===== Discussion ===== An Agreement Lifecycle State is a [[public:99_annexes:annex-b-terms-and-definitions:l:lifecycle_state|Lifecycle State]] identifying the modeled condition of an [[public:99_annexes:annex-b-terms-and-definitions:a:agreement|Agreement]] at a specified time. An Agreement Lifecycle State records where the Agreement is within its defined lifecycle. The applicable lifecycle model defines: * The permitted Agreement Lifecycle States * The meaning of each state * The criteria for entering each state * The criteria for leaving each state * The permitted transitions among states * The [[public:99_annexes:annex-b-terms-and-definitions:l:lifecycle_event|Lifecycle Events]] that cause, authorize, observe, or record transitions * The Evidence required to support a state assignment * The rules used to derive a state assignment Agreement Lifecycle States may include: * Proposed * Under Negotiation * Executed * Effective * Suspended * Terminated * Expired * Superseded The applicable lifecycle model determines which states are used. This list does not establish a universal or exhaustive state vocabulary. An Agreement Lifecycle State is distinct from an Agreement Lifecycle Event. A state represents the modeled condition of the Agreement at a specified time or during a specified period. An event represents an occurrence that may cause, authorize, observe, or record a transition between states. An Agreement Lifecycle State is also distinct from an [[public:99_annexes:annex-b-terms-and-definitions:l:legal_determination|Legal Determination]]. An Agreement Lifecycle State records the model's representation of the Agreement. It does not by itself determine the Agreement's legal status, validity, effect, or enforceability. ===== Definition ===== > //[[public:99_annexes:annex-b-terms-and-definitions:l:lifecycle_state|lifecycle state]] identifying the modeled condition of an [[public:99_annexes:annex-b-terms-and-definitions:a:agreement|agreement]] at a specified time// ===== Source ===== Adapted from: * [[public:05-semantics:01-kinds-of-semantics:06-lifecycle-semantics|Lifecycle Semantics]] * [[public:99_annexes:annex-b-terms-and-definitions:l:lifecycle_state|Lifecycle State]] * [[public:99_annexes:annex-b-terms-and-definitions:l:lifecycle_stage|Lifecycle Stage]] * [[public:99_annexes:annex-b-terms-and-definitions:l:lifecycle_event|Lifecycle Event]] * [[public:99_annexes:annex-b-terms-and-definitions:o:operational_lifecycle_state|Operational Lifecycle State]] * [[https://spec.edmcouncil.org/fibo/ontology/FND/Agreements/Agreements/|Financial Industry Business Ontology, Agreements Ontology]] * [[https://spec.edmcouncil.org/fibo/ontology/FND/Agreements/Contracts/|Financial Industry Business Ontology, Contracts Ontology]] * [[https://www.omg.org/spec/SysML/2.0|OMG Systems Modeling Language Version 2.0]] The expression //Agreement Lifecycle State// is defined by this corpus as a specialization of Lifecycle State for Agreements. ===== Note ===== * An Agreement Lifecycle State applies to an identified Agreement * An Agreement Lifecycle State identifies the modeled condition of the Agreement at a specified time * The applicable lifecycle model defines the permitted states and transitions * A change in Agreement Lifecycle State does not overwrite an earlier state assignment * Each state assignment should identify its applicable time or Effective Period * Each transition should identify the Lifecycle Event that caused, authorized, observed, or recorded it * A state assignment may be asserted, observed, calculated, or derived * A derived state assignment should identify the rule and source information used to derive it * An Agreement may progress through different states without changing its identity * An Amendment does not necessarily establish an Amended Agreement Lifecycle State * An Agreement may remain Effective after an Amendment becomes effective * A Dispute does not necessarily establish a Disputed Agreement Lifecycle State * An Agreement may be Effective while a Dispute remains open * Suspension does not necessarily terminate the Agreement * Termination, expiration, and supersession represent different lifecycle outcomes * An Agreement Lifecycle State does not by itself constitute a Legal Determination * The platform-independent definition does not prescribe a particular state-machine notation, execution engine, or serialization format ===== Example ===== Party A and Party B negotiate an Agreement. The Agreement is initially assigned the Proposed state. When negotiations begin, a Lifecycle Event records a transition to Under Negotiation. The Parties subsequently execute the Agreement. The execution event records a transition to Executed. The Agreement provides that it becomes effective on a later [[public:99_annexes:annex-b-terms-and-definitions:e:effective_date|Effective Date]]. When that date arrives and the applicable conditions are satisfied, a Lifecycle Event records a transition to Effective. A later [[public:99_annexes:annex-b-terms-and-definitions:a:amendment|Amendment]] changes specified Agreement Terms. The Agreement remains in the Effective state. The Amendment and its associated Lifecycle Events are recorded separately. A [[public:99_annexes:annex-b-terms-and-definitions:d:dispute|Dispute]] subsequently arises concerning one Agreement Term. The Agreement remains Effective while the Dispute is recorded and resolved separately. ---- © 2026 Dido Solutions, Inc. and Jackrabbit Consulting, Inc.