Contract Status Update

When a validity end date of the contract is reached, what will happen to the status of that contract ? will it be updated to "expired" ?
Is that updation automatically done or by any standard programs.
Would be great if anyone can let me know the standard program that does this.
Thanks,
Vathsan

Hi Piyush
use
BAPI_BPCONTACT_CHANGE BAPI Change Partner Sales Activity. BAPI_BPCONTACT_CREATEFROMDATA BAPI .... BAPI_CUSTOMERCONTRACT_CHANGE Change Customer Contract 
reward points to all helpful answers
kiran.M

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