Use this activity to approve a contract revision. When the contract revision is ready for approval it can go through an approval process before its finally being approved. After the contract revision has gone through the approval process, it can be set to Approved. It is also possible to skip the approval in progress step and directly approve the revision.
An approved contract revision can be modified. If the audit trail is enabled, all changes done to the contract after its been modified will be logged to keep a full history track.