Create Contract Rounds

During contract negotiations, drafts go back and forth between your team and the counterparty. Without a clear record of each exchange, it becomes difficult to know which version is current, who made the last changes, and when. Rounds in Pactly mark each handoff so the full negotiation history is visible to anyone on the team.

Open the contract in the Pactly Word plugin and navigate to the Rounds tab.

1. Review any existing rounds to see the current negotiation history.

2. Click New Round to start configuring the next exchange.

3. Choose the round direction:

   • I’m sending this draft if you are sending the document to the counterparty or an internal team.
   • I’m receiving this draft if a draft is coming from an external party.

4. Select the recipient or sender. This can be an internal team (e.g., tax, finance, procurement) or an external party.

5. Set the date for the exchange. If the send or receipt happened earlier, adjust the date to reflect when it actually occurred.

6. Click Create to add the round.

The new round appears in the list, showing who exchanged the draft and when.

Each round captures a snapshot of the negotiation at that point in time. This gives you:

• A clear audit trail of every exchange, visible to anyone with access to the contract
• Context for playbook reviews, since Pactly can compare the current document against a previous round
• Negotiation metrics, allowing your team to track how many rounds a contract went through and how long each took

• Create a round every time the document changes hands, even for internal handoffs (e.g., sending to your tax team for review before returning to the counterparty).
• If you forgot to create a round at the time of the exchange, you can backdate it using the date picker.
• Rounds are visible on the contract record’s timeline, alongside other events like status changes and messages.

• Track Contract Progress
• Contract Timeline
• Finalize a Contract
• Link a Document to an Existing Contract