In plain English
The text has been completed and is no longer being edited. It is the final version, with no more drafting needed before the required party or parties sign.
In context
As a status label, it indicates that the contract is in final form and can be sent to the required party or parties for signing without further drafting.
- Situation
- Running procurement, vendor review, purchase approval, and contract workflow
- What it communicates
- labels a contract prepared to be sent for signing
Meaning limits
The term by itself does not show that any required party has already signed.
Examples
“After the last edit, the lease was ready for signature, but neither side had signed it yet.”
“Once the last edit was accepted, the assistant marked the lease ready for signature and sent it to both parties.”