Learn about the different states of an asset.
An asset is a one-time purchase item or a perpetual license within the Marketplace Platform.
An agreement can be in one of these states: New, Draft, Active, or Terminated. The following diagram shows the transitions between these states:
The following table describes the different states:
New
This is the initial status of an asset or one-time item when it's added to the order during the ordering process. The status appears in the purchase wizard only while creating the order.
Draft
The status applies to an asset during the fulfillment phase of the order. It means the asset has been created as a result of a purchase order, but it's not active yet.
Active
The asset is now active because the associated purchase order has been completed.
Terminated
The asset has been cancelled by the vendor.

Rename your one-time purchase item.
You can rename your one-time purchased item from the asset details page.
Only the assets in the Active state can be renamed. When selecting a new name, we recommend choosing a name that makes it easier to search for or locate the asset quickly in your list.
Additionally, ensure that the new name is not blank; otherwise, the platform displays a message.
To rename an asset:
Go to Marketplace > Assets.
Select the asset you want to rename.
On the asset details page, select Rename.
In the Rename dialog, enter the new name, then select Save. The name is updated in the Marketplace.
Assets are one-time purchase items or perpetual licenses.
​Unlike subscription items that require ongoing payments to keep the license active, a perpetual license remains valid indefinitely and doesn't require recurring payments. This means assets do not renew. You buy them once, then keep access based on the purchase terms.
​Use the Assets page to review your assets, open asset details, and track related orders, agreements, and activity.
The Assets page shows all assets available to your organization.
To open the page, choose Marketplace > Assets from the main menu.
The list shows key details such as the asset name, agreement number, order number, estimated sales price, and status.
Use sort and filter options to narrow the list. Use show or hide specific columns to adjust the table.
Select any asset to open its details page.
On the asset details page, you can view detailed information. Some information is read-only, while others include links that allow you to navigate to further details.
To open details for an asset:
Go to Marketplace > Assets.
Select the asset you want to view. The asset details page opens.
Use the tabs to view different types of information:
General
Shows the most up-to-date information for the asset.
Entitlements
Shows the purchased items, quantities, status, unit price, and estimated sales price (SPx1). For details, see .
Parameters


Shows the parameters associated with the asset.
Orders
Shows the purchase order for the asset.
Details
Shows reference details such as additional IDs and timestamps. Use Edit to update the additional client ID.
Audit trail
Shows the record of events for the asset. For details, see .