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The 8 Stages of the Contract Lifecycle

4 min read

CobbleStone Software presents the stages of the contract lifecycle - including 8 for contract management.

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.

Topics: CLMS Return on Investment compliance contract authoring Contract Compliance Contract Compliance Software contract life cycle management Contract Lifecycle Contract Lifecycle Management contract lifecycle software Contract Lifecycle Stages Contract Management Process contract negotiation Contract Stages contract writing contract writing solution e-sign E-signatures eSignature Contract Management Software Maximize ROI with CLM signatures CLM CLM ROI CLMS Electronic Signature electronic signatures eSignatures contract approval process contract renewals CLM Software electronic signature software IntelliSign contract requests legal requests Stages of the Contract Lifecycle The Stages of the Contract Lifecycle

Obligation of Contracts - An Overview

By Joshua Hansen on 01/17/23

4 min read

CobbleStone Software provides an overview of obligation of contracts.

Unfulfilled contract obligations can create a post-award contract management nightmare that can escalate to stressful legal action – such as issuing a cease and desist or suing your counterparty.

So, how can you avoid this?

By clearly defining the obligation of contracts between you and your counterparty and leveraging contract management software tools to receive timely alerts for each obligation of contracts, you can retain contract obligation accountability instead of meddling with unnecessary disputes.

Topics: contract life cycle management Contract Lifecycle Contract Lifecycle Management Contract Lifecycle Stages tasks post-award contract automation contract obligations Obligation of Contracts

Contract Lifecycle Process Failure - An Investigation

By Sean Heck on 09/22/22

8 min read

Investigate the reasons for contract lifecycle process failure and how it can be avoided with CLM software.

Oh no! It happened: contract lifecycle process failure. Something went wrong during contract lifecycle management - resulting in contract failure. But fear not; as a contract management professional, you are a worthy investigator. It is time to put on your detective hat, grab a notepad, and piece together the clues as to why your contract lifecycle process failed. You can also inspect how this tragedy could have been avoided with contract management software. Let the investigation begin!

Topics: CLMS Return on Investment contract life cycle management Contract Lifecycle Contract Lifecycle Management contract lifecycle software Contract Lifecycle Stages Maximize ROI with CLM CLM CLM ROI CLMS CLM Software

What Is a Contract Administration Plan?

By Joshua Hansen on 06/21/22

5 min read

CobbleStone Software defines and showcases a contract administration plan.

Contract administration can be a daunting process when relying on primarily manual tools - such as spreadsheets, shared drives, and disparate emails. Without accountability, visibility, and a clearly defined contract administration plan, you can find yourself running into compliance issues, minimizing contract value, and encountering other setbacks. Read on to learn how you can create a strong contract administration plan with the help of leading contract management software.

Topics: contract administration system contract adminstration Contract Analytics contract life cycle management Contract Lifecycle Contract Lifecycle Management contract tracking Contract Tracking Software risk management tracking workflow workflows CLM Contract Reports & Analytics Contract Artificial Intelligence contract risk AI-Powered Contract Management Software financial contract management CLM Software Contract Management Workflow