In plain English
This status means the contract is still moving from one participant to another, rather than staying with one person or organization. It is being passed among the involved parties so they can review it, approve it, or sign it.
In context
Here, it labels a contract that is currently moving among the relevant reviewers or approvers.
- Situation
- Running procurement, vendor review, purchase approval, and contract workflow
- What it communicates
- labels a contract currently moving among reviewers or approvers
Meaning limits
By itself, this status does not show whether the contract has already been approved or signed.
Examples
“The contract is still in circulation among the buyer, the seller, and their lawyers rather than sitting with one office for approval.”
“While the revised contract is in circulation, each reviewer adds comments and passes it to the next party.”