# Manage

The **Manage** section of the contract management relates to the ownership of the contract. This section will allow you to complete two management actions for your contract:

1. Change ownership of the contract
2. Renounce the ownership of the contract

<figure><img src="/files/4agGJjXyh6ZT72HHcRFb" alt=""><figcaption></figcaption></figure>

1. To change ownership enter the address of the new owner in the *New Owner* textbox and then select the <img src="/files/onB9bkn8J29sSebsQU0L" alt="" data-size="line"> button an approve the transaction in your Web3 Wallet.&#x20;

<figure><img src="/files/UeBQAnS4DvZF6oDs291N" alt=""><figcaption></figcaption></figure>

Once the transaction has been approved you will no longer have ownership or management rights over this contract and it will belong to the wallet address to which it was transferred.

You will still see the contract and the available functions in your Deployed Contracts section of the UI; however, the summary page will show a *Current Owner* and *Initial Owner* address.&#x20;

{% hint style="danger" %}
You will not be able to call or update any functions as you are not the owner of the contract.
{% endhint %}

***

2. To renounce ownership of the contract (which is not renouncing the entire contract) select the <img src="/files/A0Gtmwkia7zIdPZ6RoKy" alt="" data-size="line"> button and approve the transaction in your Web3 Wallet.&#x20;

{% hint style="danger" %}
Renouncing ownership of a contract means that you do not want to update or change any of the existing variables, and are willing to leave the contract as is.

**Only renounce once you have confirmed you are completely sure you no longer with to perform management on your contract.**
{% endhint %}

<figure><img src="/files/H4YT8YkYfSQRZF2Evf9K" alt=""><figcaption></figcaption></figure>


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