Contract Insights

Did you remember to read all of our blog posts from May? Don't worry; we have outlined each of them for you. Stay up-to-date with industry topics, real-world case studies, and contract management software and procurement best practices in June by reading the latest CobbleStone^® content.

When managing contracts, performance monitoring is one of the most important ways to measure success.  With a large variety of contracts, all with different contract terms, it can be difficult to know how you should assess contract performance.  Luckily, you can boil down the success of each contract, no matter the complexity, to four key contract performance metrics. Read on to discover how contract management software can help you optimize four key contract performance metrics.

CobbleStone Software has officially turned 30 years old! To celebrate this momentous occasion, we interviewed Mark Nastasi, Executive Vice President and founder of CobbleStone^®, to learn more about the acclaimed and award-winning contract management software provider's inception, vision, challenges, evolution, accomplishments, and more. Here's what he had to say.

Is the legal profession immune to the rapid shifts defining the 21st century? Absolutely not. The very fabric of legal practice is being reshaped at an unprecedented pace. The role of legal professionals is undergoing a significant transformation in the 2020s, driven by technology, changing client expectations, and a shifting global landscape, demanding new skills and approaches to providing legal services. This post will explore the key drivers behind these changes, the new skill sets required for success, the evolving paradigms of service delivery, and the ethical considerations that must guide legal professionals into the future.

As a government contractor, you're likely familiar with the intricacies of the Federal Acquisition Regulation (FAR). Among these, FAR clause 52.209-6, aptly titled "Protecting the Government's Interest When Subcontracting With Contractors Debarred, Suspended, or Proposed for Debarment," stands out as a critical requirement. It essentially mandates that prime contractors like you must take serious steps to avoid working with any entities that are excluded from federal contracting.

Now, in today's ever-evolving regulatory landscape, simply checking SAM.gov isn't enough. Competent contractors and legal teams understand that thorough due diligence now extends to verifying subcontractors against the Office of Foreign Assets Control (OFAC) list as well.

That's where CobbleStone Contract Insight^® contract lifecycle management (CLM) software comes into play. Our comprehensive solution is specifically designed to help you effectively manage FAR 52.209-6 compliance by seamlessly integrating robust OFAC and SAM.gov debarred vendor verification directly into your subcontractor management processes.

According to Gartner®: “by 2027, the global legal technology market will double in size because of GenAI — and legal leaders face growing pressure to respond."^[1] This projection underscores the rapid evolution of legal operations due to tools such as generative AI and agentic AI. Legal technology is no longer a far-fetched concept but a presently integrated part of the modern legal operations landscape. The key drivers behind this transformation include the increased complexities of legal work, an increased demand for efficiency as contract volume grows, and increased client expectations. But what does legal technology look like in 2025? This blog post provides a comprehensive overview of legal tech's impact on present and future legal professionals.

In a critical ruling on September 19, 2024, the Court of Justice of the European Union (CJEU) banned the use of online price parity clauses. This decision significantly impacts the way businesses operate within the EU. The ruling, particularly affecting platforms like Booking.com, marks a pivotal moment in EU competition law. For organizations navigating this new regulatory change, CobbleStone Contract Insight^® contract lifecycle management (CLM) software serves as a vital tool for managing contracts and ensuring compliance.

Did you remember to read all of our blog posts from April? Don't worry; we have outlined each of them for you. Stay up-to-date with industry topics, real-world case studies, and contract management software and procurement best practices in May by reading the latest CobbleStone^® content.