Group related contracts together for a seamless review experience using SpotDraft Contract Packets. This powerful feature allows you to manage multiple contracts as a single unit, improving visibility and streamlining approval processes.
Why use Contract Packets?
By using Contract Packets, you can:
- Increase visibility: All stakeholders can easily see related contracts together, reducing the need to search across the repository.
- Streamline review: Make it easier to review and approve a group of contracts at once, saving time and reducing potential errors.
- Improve organization: Keep contracts related to the same deal or transaction together for better management.
Note: This feature is currently in Beta. Contact your SpotDraft Customer Success Manager (CSM) to enable it for your workspace.
How to Use Contract Packets:
Creating a Contract Packet:
- Start a new contract upload: In the sidebar, click "New" and select either "Upload third party contract" or "Send for Signature," depending on your workflow.
- Upload the contracts: Upload the contracts that you want to include in the same packet.
- Create a new packet or select an existing one: During the review step, choose a packet from the dropdown list. You can create a new packet or select an existing one. Note that this step only appears if you select more than 1 contract for upload.
Important: A packet can contain a maximum of 10 contracts.
Viewing Contracts within a Packet:
- Navigate to a contract: Go to the contract you want to view.
- Click the packet pill: You'll see a "packet pill" in the header of the contract. Click on this pill to open a sidesheet that displays all contracts within the packet.
- Access the packet's contents: You’ll see all contracts belonging to this packet. Note that all users can see the packet names, but only users who have access to the specific contracts will be able to view the contract content.
Adding Contracts to a Packet:
- Navigate to the contract: Go to the contract you want to add to a packet.
- Open the kebab menu: Click on the kebab menu in the header.
- Select "Add to Packet": Choose the appropriate packet from the dropdown list.
Important: You cannot add more than 10 contracts to a packet.
Removing a Contract from a Packet:
- Navigate to the contract: Go to the contract you want to remove from a packet.
- Open the kebab menu: Click on the kebab menu in the header.
- Select "Remove from Packet": Confirm that you want to remove the contract.
Filtering by Packets in the Repository:
- Go to the Repository page: Navigate to the Repository page where you manage your contracts.
- Click the Filter icon: Click on the Filter icon on the left side of the page.
- Choose "Packet Name": Select the "Packet Name" filter.
- Select your packet: Choose the desired packet from the dropdown list. All contracts in that packet will appear in the filtered list.
FAQs
Q: What is the difference between Contract Packets and Related Contracts?
A: Contract Packets are designed to group contracts involved in the same transaction, like an NDA, MSA, and DPA. Related Contracts are used to connect contracts that might be part of the same business relationship but not necessarily part of the same deal. For example, a renewal amendment might be related to an existing MSA, but they wouldn't necessarily need to be in the same packet.
Q: Can two contracts in the same packet also be related?
A: Yes, packets and contract relationships are independent of each other.
Q: Can I send contracts in the same packet together for signature or approval?
A: Not yet. Bulk actions on contract packets, including sending for signature and approvals, will be introduced in the future.
Q: I can't see the review section when I upload a single contract. Why is that?
A: Packets are designed to be used when multiple contracts are involved. When you upload a single contract, you'll be taken directly to the Repository. You can add it to a packet later.