diff --git a/controller/tests/contract_local_accounts.rs b/controller/tests/contract_local_accounts.rs
new file mode 100644
index 0000000..5f7abd7
--- /dev/null
+++ b/controller/tests/contract_local_accounts.rs
@@ -0,0 +1,278 @@
+// Copyright 2022 The Grin Developers
+// Licensed under the Apache License, Version 2.0 (the "License");
+// you may not use this file except in compliance with the License.
+// You may obtain a copy of the License at
+//
+//     http://www.apache.org/licenses/LICENSE-2.0
+//
+// Unless required by applicable law or agreed to in writing, software
+// distributed under the License is distributed on an "AS IS" BASIS,
+// WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+// See the License for the specific language governing permissions and
+// limitations under the License.
+
+//! Contracts between accounts in one wallet
+extern crate grin_wallet_controller as wallet;
+extern crate grin_wallet_impls as impls;
+
+use grin_core::core::{Input, OutputFeatures};
+use grin_wallet_libwallet as libwallet;
+use libwallet::contract::my_fee_contribution;
+use libwallet::contract::types::{ContractNewArgsAPI, ContractRevokeArgsAPI};
+use libwallet::{Error, SlateState};
+use std::path::PathBuf;
+use std::sync::atomic::Ordering;
+
+#[macro_use]
+mod common;
+
+fn local_transfer(
+	test_dir: &'static str,
+	invoice: bool,
+	early_lock: bool,
+	revoke: bool,
+) -> Result<(), Error> {
+	common::setup(test_dir);
+	let (wallets, _chain, stopper, _) = common::create_wallets(
+		vec![vec![("default", 4), ("receiver", 4), ("unrelated", 4)]],
+		test_dir,
+	)
+	.unwrap();
+	let wallet = wallets[0].0.clone();
+	let mask = wallets[0].1.as_ref();
+	let result =
+		common::owner_single_use(wallet.clone(), mask, PathBuf::from(test_dir), |api, m| {
+			let amount = 5_000_000_000;
+			let (initiator, counterparty) = if invoice {
+				("receiver", "default")
+			} else {
+				("default", "receiver")
+			};
+			let change = if invoice { amount } else { -amount };
+			api.set_active_account(m, "unrelated")?;
+			let (_, unrelated) = api.retrieve_outputs(m, false, true, None)?;
+			let unrelated = unrelated.first().unwrap().clone();
+			api.set_active_account(m, initiator)?;
+			let mut args = common::contract_setup_args(Some(change));
+			args.add_outputs = early_lock;
+			let first = api.contract_new(
+				m,
+				&ContractNewArgsAPI {
+					setup_args: args,
+					ttl_blocks: Some(20),
+				},
+			)?;
+			// Preserve the legacy context key
+			let initiator_parent = {
+				wallet_inst!(wallet, w);
+				let ctx = w.get_private_context(m, first.id.as_bytes())?;
+				ctx.parent_key_id
+			};
+
+			// Setup retries stay with the original account
+			api.set_active_account(m, "unrelated")?;
+			{
+				wallet_inst!(wallet, w);
+				let retried = libwallet::contract::setup(
+					w,
+					m,
+					&first,
+					&common::contract_setup_args(Some(change)),
+				)?;
+				assert_eq!(retried.participant_data.len(), 1);
+				assert_eq!(w.private_context_iter()?.count(), 1);
+				assert_eq!(
+					w.get_private_context(m, first.id.as_bytes())?.parent_key_id,
+					initiator_parent
+				);
+			}
+			let mut sign_args = common::contract_setup_args(Some(-change));
+			api.set_active_account(m, if invoice { "unrelated" } else { counterparty })?;
+			if invoice {
+				sign_args.src_acct_name = Some(counterparty.into());
+			}
+			let second = common::roundtrip_slate(&api.contract_sign(m, &first, &sign_args)?, 4)?;
+			{
+				wallet_inst!(wallet, w);
+				assert_eq!(
+					w.get_private_context(m, first.id.as_bytes())?.parent_key_id,
+					initiator_parent
+				);
+				assert_eq!(w.private_context_iter()?.count(), 2);
+			}
+			api.set_active_account(m, counterparty)?;
+			let counterparty_tx = common::tx_log_for_slate(api, m, &second)?;
+			let progress = common::wallet_progress(api, m)?;
+			// Reject replay of both messages
+			for slate in [&first, &second] {
+				let err = api.contract_sign(m, slate, &sign_args).unwrap_err();
+				assert!(
+					matches!(err, Error::GenericError(ref msg) if msg.contains("already been signed"))
+				);
+			}
+			assert_eq!(common::wallet_progress(api, m)?, progress);
+			assert_eq!(
+				api.contract_view(m, &second)?.agreed_net_change,
+				Some(-change)
+			);
+
+			api.set_active_account(m, "unrelated")?;
+			assert!(api.contract_view(m, &second).is_err());
+			assert!(api
+				.contract_sign(m, &second, &common::contract_setup_args(None))
+				.is_err());
+			api.set_active_account(m, initiator)?;
+			assert_eq!(
+				api.contract_view(m, &second)?.agreed_net_change,
+				Some(change)
+			);
+			let progress = common::wallet_progress(api, m)?;
+			// Reject inputs from unrelated accounts
+			let mut tampered = second.clone();
+			tampered.tx = Some(
+				tampered
+					.tx_or_err()?
+					.clone()
+					.with_input(Input::new(OutputFeatures::Coinbase, unrelated.commit)),
+			);
+			let err = api
+				.contract_sign(m, &tampered, &common::contract_setup_args(None))
+				.unwrap_err();
+			assert!(
+				matches!(err, Error::GenericError(ref msg) if msg.contains("unexpected input commitment"))
+			);
+			assert_eq!(common::wallet_progress(api, m)?, progress);
+
+			// Require the counterparty's signature
+			let mut unsigned = second.clone();
+			for participant in &mut unsigned.participant_data {
+				participant.part_sig = None;
+			}
+			let err = api
+				.contract_sign(m, &unsigned, &common::contract_setup_args(None))
+				.unwrap_err();
+			assert!(
+				matches!(err, Error::GenericError(ref msg) if msg.contains("unexpected input"))
+			);
+			assert_eq!(common::wallet_progress(api, m)?, progress);
+
+			if revoke {
+				let initiator_tx = common::tx_log_for_slate(api, m, &second)?;
+				// Revoking one party preserves the other context
+				let replacement = api
+					.contract_revoke(
+						m,
+						&ContractRevokeArgsAPI {
+							tx_id: counterparty_tx.id,
+							src_acct_name: Some(counterparty.into()),
+						},
+					)?
+					.unwrap();
+				{
+					wallet_inst!(wallet, w);
+					assert_eq!(
+						w.get_private_context(m, first.id.as_bytes())?.parent_key_id,
+						initiator_parent
+					);
+					assert_eq!(w.private_context_iter()?.count(), 1);
+				}
+				assert!(api
+					.contract_revoke(
+						m,
+						&ContractRevokeArgsAPI {
+							tx_id: counterparty_tx.id,
+							src_acct_name: Some(counterparty.into()),
+						}
+					)?
+					.is_none());
+				// Revoked contributions are no longer authorized
+				assert!(api
+					.contract_sign(m, &second, &common::contract_setup_args(None))
+					.is_err());
+				let other_replacement = api
+					.contract_revoke(
+						m,
+						&ContractRevokeArgsAPI {
+							tx_id: initiator_tx.id,
+							src_acct_name: Some(initiator.into()),
+						},
+					)?
+					.unwrap();
+				assert_ne!(replacement.id, other_replacement.id);
+				wallet_inst!(wallet, w);
+				assert_eq!(w.private_context_iter()?.count(), 0);
+				return Ok(());
+			}
+
+			let final_slate = api.contract_sign(m, &second, &common::contract_setup_args(None))?;
+			assert_eq!(
+				final_slate.state,
+				if invoice {
+					SlateState::Invoice3
+				} else {
+					SlateState::Standard3
+				}
+			);
+			{
+				wallet_inst!(wallet, w);
+				assert!(matches!(
+					w.get_private_context(m, first.id.as_bytes()),
+					Err(Error::NotFoundErr(_))
+				));
+				assert_eq!(w.private_context_iter()?.count(), 1);
+			}
+			// Reject signing again even after context deletion
+			for (account, net) in [(initiator, change), (counterparty, -change)] {
+				api.set_active_account(m, account)?;
+				for slate in [&first, &second] {
+					assert!(api
+						.contract_sign(m, slate, &common::contract_setup_args(Some(net)))
+						.is_err());
+				}
+				let view = api.contract_view(m, &final_slate)?;
+				assert_eq!(view.agreed_net_change, Some(net));
+				assert_eq!(
+					view.own_commitment_status,
+					libwallet::contract::types::OwnCommitmentStatus::Unknown
+				);
+			}
+			// Mine rewards into a third account to isolate transfer balances
+			api.set_active_account(m, "unrelated")?;
+			assert!(api.contract_view(m, &final_slate).is_err());
+			api.post_tx(m, &final_slate, false)?;
+			let fee = my_fee_contribution(1, 1, 1, 2)?.fee();
+			for (account, net) in [("default", -amount), ("receiver", amount)] {
+				api.set_active_account(m, account)?;
+				let (refreshed, info) = api.retrieve_summary_info(m, true, 1)?;
+				assert!(refreshed);
+				assert_eq!(
+					info.total,
+					(4 * grin_core::consensus::REWARD as i64 + net) as u64 - fee
+				);
+				assert!(common::tx_log_for_slate(api, m, &final_slate)?.confirmed);
+			}
+			Ok(())
+		});
+	stopper.store(false, Ordering::Relaxed);
+	result?;
+	common::clean_output_dir(test_dir);
+	Ok(())
+}
+
+#[test]
+fn contracts_between_local_accounts() -> Result<(), Error> {
+	for (dir, invoice, early) in [
+		("test_output/contract_local_srs", false, false),
+		("test_output/contract_local_srs_early", false, true),
+		("test_output/contract_local_rsr", true, false),
+		("test_output/contract_local_rsr_early", true, true),
+	] {
+		local_transfer(dir, invoice, early, false)?;
+	}
+	Ok(())
+}
+
+#[test]
+fn revoke_local_counterparty() -> Result<(), Error> {
+	local_transfer("test_output/contract_local_revoke", false, true, true)
+}
diff --git a/doc/contracts.md b/doc/contracts.md
index 706b333..8a41eaf 100644
--- a/doc/contracts.md
+++ b/doc/contracts.md
@@ -53,6 +53,8 @@ does not, revoke the contract and create a new one.
 Each side's account is fixed when it first joins the contract. Changing the active account
 later does not affect setup or signing; they use the account stored in the context.
 Encrypted Slatepacks still need their account selected with `--account`; the error names it.
+For contracts between accounts in the same wallet, select the party with `--account`
+for each step.
 
 ## View and revoke
 
diff --git a/libwallet/src/backend.rs b/libwallet/src/backend.rs
index 876719d..c7e2492 100644
--- a/libwallet/src/backend.rs
+++ b/libwallet/src/backend.rs
@@ -463,7 +463,7 @@ where
 
 	/// Retrieve the private context associated with a given slate id.
 	pub fn get_private_context(
-		&mut self,
+		&self,
 		keychain_mask: Option<&SecretKey>,
 		slate_id: &[u8],
 	) -> Result<Context, Error> {
diff --git a/libwallet/src/contract/actions/new.rs b/libwallet/src/contract/actions/new.rs
index 2a1ed77..db59244 100644
--- a/libwallet/src/contract/actions/new.rs
+++ b/libwallet/src/contract/actions/new.rs
@@ -79,13 +79,14 @@ where
 	let mut existing_context = None;
 	if let Some(id) = slate_id {
 		slate.id = id;
-		match w.get_private_context(keychain_mask, slate.id.as_bytes()) {
-			Ok(context) => {
-				slate.ttl_cutoff_height = context.contract_ttl_cutoff_height.unwrap_or(0);
-				existing_context = Some(context);
-			}
-			Err(Error::NotFoundErr(_)) => {}
-			Err(e) => return Err(e),
+		let parent = contract::utils::parent_key_for(w, setup_args.src_acct_name.as_deref())?;
+		contract::utils::verify_not_signed(w, slate.id, &parent)?;
+		existing_context = contract::context::stored(w, keychain_mask, slate.id)?
+			.into_iter()
+			.find(|(_, ctx)| ctx.parent_key_id == parent)
+			.map(|(_, ctx)| ctx);
+		if let Some(context) = &existing_context {
+			slate.ttl_cutoff_height = context.contract_ttl_cutoff_height.unwrap_or(0);
 		}
 	}
 	if existing_context.is_none() {
diff --git a/libwallet/src/contract/actions/revoke.rs b/libwallet/src/contract/actions/revoke.rs
index cddc941..4911e47 100644
--- a/libwallet/src/contract/actions/revoke.rs
+++ b/libwallet/src/contract/actions/revoke.rs
@@ -93,14 +93,13 @@ where
 		// Drop the canceled slate's private context if one still exists (signing already
 		// deletes it).
 		if let Some(slate_id) = revoked_slate_id {
-			match w.get_private_context(keychain_mask, slate_id.as_bytes()) {
-				Ok(_) => {
-					let mut batch = w.batch(keychain_mask)?;
-					batch.delete_private_context(slate_id.as_bytes())?;
-					batch.commit()?;
-				}
-				Err(Error::NotFoundErr(_)) => {}
-				Err(e) => return Err(e),
+			if let Some((key, _)) = crate::contract::context::stored(w, keychain_mask, slate_id)?
+				.into_iter()
+				.find(|(_, ctx)| ctx.parent_key_id == parent_key_id)
+			{
+				let mut batch = w.batch(keychain_mask)?;
+				batch.delete_private_context(&key)?;
+				batch.commit()?;
 			}
 		}
 	}
diff --git a/libwallet/src/contract/actions/setup.rs b/libwallet/src/contract/actions/setup.rs
index 1c9d6d0..59db912 100644
--- a/libwallet/src/contract/actions/setup.rs
+++ b/libwallet/src/contract/actions/setup.rs
@@ -56,9 +56,16 @@ where
 			slate.num_participants, setup_args.num_participants
 		)));
 	}
-	contract::utils::verify_not_signed(w, slate.id)?;
+	let parent = contract::utils::parent_key_for(w, setup_args.src_acct_name.as_deref())?;
+	let context =
+		contract::context::resolve(w, keychain_mask, slate, &parent, setup_args.net_change)?;
+	let parent = context
+		.as_ref()
+		.map(|ctx| &ctx.parent_key_id)
+		.unwrap_or(&parent);
+	contract::utils::verify_not_signed(w, slate.id, parent)?;
 	// Compute state for 'setup'
-	let (slate, context) = compute(w, keychain_mask, slate, setup_args, None)?;
+	let (slate, context) = compute(w, keychain_mask, slate, setup_args, context)?;
 
 	// Atomically commit state
 	contract::utils::save_step(w, keychain_mask, &slate, context, setup_args.add_outputs)?;
diff --git a/libwallet/src/contract/actions/sign.rs b/libwallet/src/contract/actions/sign.rs
index 3accbfb..ba28994 100644
--- a/libwallet/src/contract/actions/sign.rs
+++ b/libwallet/src/contract/actions/sign.rs
@@ -62,11 +62,9 @@ where
 	contract::utils::verify_fee_rate(setup_args.fee_rate)?;
 	// Compute if we will add outputs at this step. Only a missing context means we
 	// still need to add them; propagate any other error.
-	let existing_context = match w.get_private_context(keychain_mask, slate.id.as_bytes()) {
-		Ok(context) => Some(context),
-		Err(Error::NotFoundErr(_)) => None,
-		Err(e) => return Err(e),
-	};
+	let parent = contract::utils::parent_key_for(w, setup_args.src_acct_name.as_deref())?;
+	let existing_context =
+		contract::context::resolve(w, keychain_mask, slate, &parent, setup_args.net_change)?;
 	let will_add_outputs = existing_context
 		.as_ref()
 		.map(|context| !context.has_inputs_or_outputs())
@@ -92,7 +90,11 @@ where
 	C: NodeClient,
 	K: Keychain,
 {
-	contract::utils::verify_not_signed(w, slate.id)?;
+	let parent = match &existing_context {
+		Some(context) => context.parent_key_id.clone(),
+		None => contract::utils::parent_key_for(w, setup_args.src_acct_name.as_deref())?,
+	};
+	contract::utils::verify_not_signed(w, slate.id, &parent)?;
 	// Reject terminal and unknown states before setup reserves keys.
 	contract::slate::next_state(&slate.state)?;
 
diff --git a/libwallet/src/contract/actions/view.rs b/libwallet/src/contract/actions/view.rs
index 5fa11ff..7de4e5d 100644
--- a/libwallet/src/contract/actions/view.rs
+++ b/libwallet/src/contract/actions/view.rs
@@ -76,16 +76,32 @@ where
 		));
 	}
 	contract::utils::verify_num_participants(slate.num_participants)?;
-	let context = match w.get_private_context(keychain_mask, slate.id.as_bytes()) {
-		Ok(context) => Some(context),
-		Err(Error::NotFoundErr(_)) => None,
-		Err(e) => return Err(e),
-	};
+	let parent = w.parent_key_id();
+	let context = contract::context::resolve(w, keychain_mask, slate, &parent, None)?;
 	let suggested_net_change = initial_net_change(&slate.state, slate.amount)?;
 	// A contract is executed once the transaction it produced has confirmed. That is
 	// recorded on our own tx log entry for this slate, so no chain lookup is needed; a
 	// slate we have never signed simply has no entry and is not executed.
-	let txs = updater::retrieve_txs(w, None, Some(slate.id), None, None, false)?;
+	let mut txs = updater::retrieve_txs(w, None, Some(slate.id), None, None, false)?;
+	let contexts = contract::context::stored(w, keychain_mask, slate.id)?;
+	let missing_signed_context = txs.iter().any(|tx| {
+		contract::utils::is_signed_tx(tx, slate.id)
+			&& !contexts
+				.iter()
+				.any(|(_, ctx)| ctx.parent_key_id == tx.parent_key_id)
+	});
+	let parent = context
+		.as_ref()
+		.map(|ctx| ctx.parent_key_id.clone())
+		.unwrap_or(parent);
+	// Show only the selected party when both accounts are local
+	if txs.iter().any(|tx| tx.parent_key_id == parent)
+		|| txs
+			.windows(2)
+			.any(|pair| pair[0].parent_key_id != pair[1].parent_key_id)
+	{
+		txs.retain(|tx| tx.parent_key_id == parent);
+	}
 	let is_executed = txs.iter().any(|tx| tx.confirmed);
 	let signed_tx = txs
 		.iter()
@@ -101,16 +117,17 @@ where
 	}
 	// Once we have signed, the context identifies the commitments we added. If it has
 	// already been removed, the slate no longer carries enough information to do that.
-	let own_commitment_status = if slate.tx.is_none() || (context.is_none() && !txs.is_empty()) {
-		OwnCommitmentStatus::Unknown
-	} else {
-		contract::slate::own_commitment_status(
-			w,
-			keychain_mask,
-			slate,
-			if has_signed { context.as_ref() } else { None },
-		)?
-	};
+	let own_commitment_status =
+		if slate.tx.is_none() || missing_signed_context || (context.is_none() && !txs.is_empty()) {
+			OwnCommitmentStatus::Unknown
+		} else {
+			contract::slate::own_commitment_status(
+				w,
+				keychain_mask,
+				slate,
+				if has_signed { context.as_ref() } else { None },
+			)?
+		};
 	// Count signatures present (a participant is "complete" once it has a partial sig).
 	let num_sigs = slate
 		.participant_data
diff --git a/libwallet/src/contract/context.rs b/libwallet/src/contract/context.rs
index 85dcf31..8b37ee8 100644
--- a/libwallet/src/contract/context.rs
+++ b/libwallet/src/contract/context.rs
@@ -26,6 +26,108 @@ use grin_core::core::FeeFields;
 use grin_keychain::{Identifier, Keychain};
 use grin_util::secp::key::SecretKey;
 
+// Keep the legacy key for the first party and qualify the second by account
+fn account_key(slate_id: uuid::Uuid, parent: &Identifier) -> Vec<u8> {
+	let mut key = slate_id.as_bytes().to_vec();
+	key.extend_from_slice(&parent.to_bytes());
+	key
+}
+
+pub(super) fn stored<C: NodeClient, K: Keychain>(
+	w: &WalletBackend<C, K>,
+	mask: Option<&SecretKey>,
+	slate_id: uuid::Uuid,
+) -> Result<Vec<(Vec<u8>, Context)>, Error> {
+	let mut keys = vec![slate_id.as_bytes().to_vec()];
+	keys.extend(
+		w.acct_path_iter()?
+			.map(|account| account_key(slate_id, &account.path)),
+	);
+	let mut contexts = Vec::new();
+	for key in keys {
+		match w.get_private_context(mask, &key) {
+			Ok(context) => contexts.push((key, context)),
+			Err(Error::NotFoundErr(_)) => {}
+			Err(e) => return Err(e),
+		}
+	}
+	Ok(contexts)
+}
+
+pub(super) fn storage_key<C: NodeClient, K: Keychain>(
+	w: &WalletBackend<C, K>,
+	mask: Option<&SecretKey>,
+	slate_id: uuid::Uuid,
+	parent: &Identifier,
+) -> Result<Vec<u8>, Error> {
+	let contexts = stored(w, mask, slate_id)?;
+	if let Some((key, _)) = contexts
+		.iter()
+		.find(|(_, ctx)| &ctx.parent_key_id == parent)
+	{
+		return Ok(key.clone());
+	}
+	if contexts.iter().any(|(key, _)| key == slate_id.as_bytes()) {
+		Ok(account_key(slate_id, parent))
+	} else {
+		Ok(slate_id.as_bytes().to_vec())
+	}
+}
+
+/// Resolve the selected party, preserving retries after account switches
+pub(super) fn resolve<C: NodeClient, K: Keychain>(
+	w: &WalletBackend<C, K>,
+	mask: Option<&SecretKey>,
+	slate: &Slate,
+	parent: &Identifier,
+	requested_change: Option<i64>,
+) -> Result<Option<Context>, Error> {
+	let mut contexts = stored(w, mask, slate.id)?;
+	if let Some(index) = contexts
+		.iter()
+		.position(|(_, ctx)| &ctx.parent_key_id == parent)
+	{
+		return Ok(Some(contexts.swap_remove(index).1));
+	}
+	// Never fall back to another party after context deletion
+	let mut parents = Vec::new();
+	for tx in w.tx_log_iter()? {
+		let tx = tx?;
+		if tx.tx_slate_id == Some(slate.id) {
+			if &tx.parent_key_id == parent {
+				return Ok(None);
+			}
+			if !parents.contains(&tx.parent_key_id) {
+				parents.push(tx.parent_key_id);
+			}
+		}
+	}
+	if parents.len() > 1 {
+		return Err(Error::GenericError(
+			"Select an account participating in this contract".into(),
+		));
+	}
+	match contexts.len() {
+		0 => Ok(None),
+		1 => {
+			let (_, context) = contexts.pop().unwrap();
+			if slate.num_participants == 2 {
+				if let Some(change) = super::initial_net_change(&slate.state, slate.amount)? {
+					if change.signum() != context.get_net_change()?.signum()
+						&& requested_change.is_none_or(|net| net.signum() == change.signum())
+					{
+						return Ok(None);
+					}
+				}
+			}
+			Ok(Some(context))
+		}
+		_ => Err(Error::GenericError(
+			"Select an account participating in this contract".into(),
+		)),
+	}
+}
+
 /// Get or create transaction Context for the given slate
 pub fn get_or_create<C, K>(
 	w: &mut WalletBackend<C, K>,
@@ -38,28 +140,27 @@ where
 	K: Keychain,
 {
 	debug!("contract::context::get_or_create => called");
-	let maybe_context = w.get_private_context(keychain_mask, slate.id.as_bytes());
-
-	let context = match maybe_context {
-		// Only create a new context when there genuinely isn't one; propagate other errors.
-		Err(Error::NotFoundErr(_)) => {
-			// Get data required for creating a context
+	let parent_key_id = contract_utils::parent_key_for(w, setup_args.src_acct_name.as_deref())?;
+	let context = match resolve(
+		w,
+		keychain_mask,
+		slate,
+		&parent_key_id,
+		setup_args.net_change,
+	)? {
+		Some(context) => context,
+		None => {
 			let height = w.w2n_client().get_chain_tip()?.0;
-			let parent_key_id =
-				contract_utils::parent_key_for(w, setup_args.src_acct_name.as_deref())?;
 			self::create(
 				w,
 				keychain_mask,
 				slate,
 				height,
-				// &args,
 				setup_args,
 				&parent_key_id,
 				false,
 			)?
 		}
-		Err(e) => return Err(e),
-		Ok(ctx) => ctx,
 	};
 	Ok(context)
 }
diff --git a/libwallet/src/contract/slate.rs b/libwallet/src/contract/slate.rs
index 30619be..46b494b 100644
--- a/libwallet/src/contract/slate.rs
+++ b/libwallet/src/contract/slate.rs
@@ -247,7 +247,7 @@ where
 		Inputs::CommitOnly(_) => return Ok(OwnCommitmentStatus::Unknown),
 		Inputs::FeaturesAndCommit(inputs) => inputs,
 	};
-	let (expected_inputs, expected_outputs) = match signed_context {
+	let (mut expected_inputs, mut expected_outputs) = match signed_context {
 		Some(context) => {
 			let (inputs, outputs) = expected_identifiers(w, &keychain, context)?;
 			(
@@ -263,6 +263,37 @@ where
 		}
 		None => (BTreeSet::new(), BTreeSet::new()),
 	};
+	// Allow only stored local contributions backed by a valid partial signature
+	for (_, context) in super::context::stored(w, keychain_mask, slate.id)? {
+		let Some(log_id) = context.log_id else {
+			continue;
+		};
+		let Some(tx_log) = w.get_tx_log_entry_by_id(&context.parent_key_id, log_id)? else {
+			continue;
+		};
+		if !super::utils::is_signed_tx(&tx_log, slate.id)
+			|| !matches!(
+				tx_log.tx_type,
+				crate::TxLogEntryType::TxSent
+					| crate::TxLogEntryType::TxReceived
+					| crate::TxLogEntryType::TxSelfSpend
+			) {
+			continue;
+		}
+		let index = match slate.find_index_matching_context(&keychain, &context) {
+			Ok(index) => index,
+			Err(Error::ContextToIndex) => continue,
+			Err(e) => return Err(e),
+		};
+		if !slate.participant_data[index].is_complete() {
+			continue;
+		}
+		slate.verify_part_sigs(keychain.secp())?;
+		verify_own_commitments(w, keychain_mask, slate, &context)?;
+		let (inputs, outputs) = expected_identifiers(w, &keychain, &context)?;
+		expected_inputs.extend(inputs.into_iter().map(|input| input.commitment()));
+		expected_outputs.extend(outputs.into_iter().map(|output| output.commitment()));
+	}
 	let incoming_inputs = inputs
 		.into_iter()
 		.map(|input| input.commitment())
diff --git a/libwallet/src/contract/utils.rs b/libwallet/src/contract/utils.rs
index e46b37d..db7295a 100644
--- a/libwallet/src/contract/utils.rs
+++ b/libwallet/src/contract/utils.rs
@@ -271,6 +271,7 @@ where
 	};
 
 	// Phase 2 - atomically update Context, OutputData and TxLogEntry
+	let context_key = super::context::storage_key(w, keychain_mask, slate.id, parent_key_id)?;
 	let mut batch = w.batch(keychain_mask)?;
 
 	// Update TxLogEntry
@@ -300,17 +301,17 @@ where
 	// Update context
 	if is_signed && !is_step2 {
 		// Forget the signing context in the same batch as the transaction log update
-		batch.delete_private_context(slate.id.as_bytes())?;
+		batch.delete_private_context(&context_key)?;
 	} else {
 		// Keep unsigned contexts for retries and the step2 context for contract view
-		batch.save_private_context(slate.id.as_bytes(), &context)?;
+		batch.save_private_context(&context_key, &context)?;
 	}
 
 	batch.commit()?;
 
 	// Confirm sec_key/sec_nonce are gone after signing, except for step2
 	if is_signed && !is_step2 {
-		match w.get_private_context(keychain_mask, slate.id.as_bytes()) {
+		match w.get_private_context(keychain_mask, &context_key) {
 			Err(Error::NotFoundErr(_)) => {}
 			Err(e) => return Err(e),
 			Ok(_) => {
@@ -424,7 +425,11 @@ pub(super) fn is_signed_tx(tx: &TxLogEntry, slate_id: Uuid) -> bool {
 
 /// Returns an error if the slate has already been signed (in our local database). Even if the
 /// result is Ok, it's still possible it was signed but we don't have the data about it locally.
-pub fn verify_not_signed<C, K>(w: &mut WalletBackend<C, K>, slate_id: Uuid) -> Result<(), Error>
+pub fn verify_not_signed<C, K>(
+	w: &mut WalletBackend<C, K>,
+	slate_id: Uuid,
+	parent: &Identifier,
+) -> Result<(), Error>
 where
 	C: NodeClient,
 	K: Keychain,
@@ -433,7 +438,7 @@ where
 	// we have already signed this slate.
 	for tx in w.tx_log_iter()? {
 		let tx = tx?;
-		if is_signed_tx(&tx, slate_id) {
+		if &tx.parent_key_id == parent && is_signed_tx(&tx, slate_id) {
 			debug!("contract::utils::verify_not_signed => The slate has already been signed.");
 			return Err(Error::GenericError(format!(
 				"Slate with id:{} has already been signed.",