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The 8 Stages of the Contract Lifecycle

3 min read

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

Understanding the contract lifecycle is essential for legal, procurement, and contract management teams aiming to streamline operations. This guide explores the eight key stages of the contract lifecycle and how contract lifecycle management (CLM) software can optimize each phase for better compliance, efficiency, and collaboration.

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What Are the Four Components of Contract Management?

By Sean Heck on 03/27/25

3 min read

CobbleStone Software explains the four components of contract management.

Managing contracts and maintaining contract process efficiency can be challenging—especially without an understanding of contract lifecycle management and the proper functionality to succeed. In fact, 25 percent of contract management professionals we asked don't have a dedicated contract management system. It's crucial to enter into a contract with a clear-cut strategy and the best contract management tools for the job. So, what are the four components of contract management? Let's find out!

Topics: Contract Management Process

Contract Meaning - What Does It Mean to Enter Into a Contract?

By Sean Heck on 07/31/24

5 min read

CobbleStone Software explains contract meaning and what it really means to enter into a contract.

We hear about contracts all the time. They power business relationships across sectors, industries, and nations. Individuals, businesses, and societies at large use contracts to fulfill wishes and needs. Contracts keep our world moving.

Topics: Contract Management Process Contract Management Solutions Contract Management Software Contract Management

What Is Contract Management? Here’s What You Need To Know.

By Sean Heck on 05/29/24

5 min read

CobbleStone Software defines contract management and explains how to tackle it.

Contracts are legally binding agreements that define and govern the exchange of goods or services. A contract’s journey – from creation to fulfillment and completion – is complex and leaves room for errors and oversights. As such, a process has been generally agreed upon for the handling of contracts. This process is referred to as contract management.

But what is contract management, and how can it be approached? Here’s what you need to know.

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