Lifecycle: generate from an approved template → Draft → Negotiating (the ball moves between With Legal on every counterparty redline and With Counterparty after a counter-version or asked-for-changes) → Legal approved (hard gate) → Sent for signature via DocuSign → on signature, ingested into Agreements. Open any draft to see its redline (with playbook-risk semaphores on counterparty-changed paragraphs), version chain and history.