5 Contract Drafting Tips To Invigorate Your Legal Operations

By Sean Heck on 08/23/22

Contract drafting is essential in helping capture the purpose of a contract in written form. Haphazard drafting of a contract can result in pushing outdated contract versions to collaboration and negotiation. Additionally, the lack of a centralized and informed process can result in incorrect language being introduced into the review process. Unfavorable terms, missed obligations, and legal disputes can follow.

To help you avoid these consequences and more, here are five practical contract drafting tips for more effective contract management.

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You Won’t Believe How Easy Contract Review Can Be With CLM Software!

By Sean Heck on 07/20/22

Contract review is a crucial contract management stage.  Unfortunately, far too many organizations overlook this process or leverage out-of-date methods.  Tragically, contract evaluation process oversight can result in:

  • missed key dates and obligations.
  • overlooked opportunities.
  • contract language and clause mistakes.
  • and other painful consequences.

Thankfully, we can establish a contract review checklist and manage the life of a contract with leading contract management software.  Let’s get started.

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Contract Authoring - What You Need To Know To Get Started

By Sean Heck on 07/18/22

Contract authoring is essential.  An inefficient process can hinder organizations and result in error-prone contracts with missing or misplaced clauses.

Additionally, overlooked key dates and milestones and a confusing process can stall the contract lifecycle.  Luckily, leading contract management software can provide intelligent authoring.  Read on to learn how to simplify and modernize the contract writing process.

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The 8 Stages of the Contract Lifecycle

By Jamie Reedy on 06/27/22

Contracts are legally binding - and thus need to be executed properly.  Organizations should equip themselves with a thorough understanding of the contract lifecycle.  The contract lifecycle is the process under which a contract is authored, reviewed, sent for signature, executed, and - potentially - renewed.  The "lifecycle" is an archetype used to compartmentalize and understand a contract's complex evolution.  The lifecycle begins with contract requests and concludes when these requests are fulfilled - with the possibility of contract renewal.  Let's further explore the eight stages of the contract lifecycle below and how contract management software can help streamline your contracting processes. 

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