Enable Notifications to users for pending signature status in contracts?

Summary:

We have a client asking if there is a notification when a contract is pending signatures like from DocuSign?

Is there a notification out of the box that we can enable?

If not, is there another feature we can use to send the notification for the above requirement?

Content (please ensure you mask any confidential information):

Version (include the version you are using, if applicable):

25D (11.13.25.10.0)

Code Snippet (add any code snippets that support your topic, if applicable):