Signature Status
A classification that indicates how many of the required parties have signed a contract.
Signature status is a metadata field assigned to a contract that indicates the current state of its execution. It tells you at a glance whether all required parties have signed the agreement, whether signatures are still pending, or whether the document has not been signed at all. Signature status is automatically extracted by Librari based on the signing information present in the contract document.
Why It Matters A contract that has not been fully executed is not legally binding, which means the rights and obligations it describes are not yet enforceable. For organizations managing a large volume of contracts, having visibility into signature status across the entire portfolio makes it easy to identify agreements that are still awaiting signatures and take action before deadlines pass. It also helps distinguish between executed agreements and draft documents that may have been filed alongside signed contracts by mistake, keeping your library accurate and actionable.
In Practice A legal team conducts a quarterly audit of their contract library and filters by signature status to identify all partially executed agreements. They discover three vendor contracts that were sent for signature months ago but never completed. Armed with this information, they follow up with the relevant counterparties to either obtain the outstanding signatures or formally close out the agreements. Without signature status visibility, these incomplete contracts would have remained in the library indistinguishable from fully executed agreements.