The 8 Stages of the Contract Lifecycle

    By Jamie Reedy on 03/8/23

    reading-minutes-icon-one-color 4 min read

    Contracts are legally binding - and thus need to be executed properly.  Legal teams 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 managing 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. 

    Continue Reading

    6 Contract Compliance Mistakes You May Not Know You’re Making

    By Sean Heck on 08/9/22

    reading-minutes-icon-one-color 7 min read

    Contract compliance is crucial for the success of a contract – and sets the stage for contract renewals. Unfortunately, many organizations are (sometimes unwittingly) exposing themselves to financial risk, breaches of contract, and legal penalties. Contract compliance mistakes can lead to contract failure, data leakage, a shattered reputation, lawsuits, and more.

    Contract managers need to know their mistakes in order to correct course. As such, here are six contract compliance mistakes you might not know you’re making.

    Continue Reading

    3 Key Contractual Compliance Management Areas To Streamline With CLM

    By Joshua Hansen on 07/12/22

    reading-minutes-icon-one-color 3 min read

    Contractual compliance management can be challenging when leveraging primarily manual methods, such as spreadsheet management – especially when tracking multiple contracts with varying compliance standards.  Fortunately, contract lifecycle management (CLM) software tools can help you retain contractual compliance.  Read on to discover how you can streamline three key contractual compliance management areas with leading contract management software.

    Continue Reading

    What is Contract Lifecycle Management?

    By Sean Heck on 06/28/22

    reading-minutes-icon-one-color 8 min read

    Organizations of all sizes face the need to juggle multiple contracts simultaneously, with each contract being at a different stage of the contract lifecycle.  Leading contract management software reduces risk, improves productivity, and maximizes a contract's value.  But what is contract lifecycle management?  Read on to find out!

    Continue Reading
    Website Graphics_Collage for Website Module copy
    RESERVE MY SEAT
    REGISTER TODAY

    Lists by Topic

    see all

    Posts by Topic

    see all