The 8 Stages of the Contract Lifecycle

    By Jamie Reedy on 12/13/23

    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 digital contract management software can help streamline your contracting processes. 

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    Contract Management Process Guide - The Stairwell to CLM Success

    By Sean Heck on 10/17/23

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

    Effective contract management can be intricate and demanding. However, understanding the pivotal steps and integrating contract lifecycle management (CLM) software can transform this time-consuming journey into a structured and efficient process that saves time and increases revenue. In this guide, we will explore what the contract management process steps entail and how a contract management solution acts as a stairwell to success, virtually ensuring every step is streamlined and effective.

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    How to Manage Contracts Effectively for Healthy Business Relationships

    By Sean Heck on 09/12/23

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

    In the vast jungle of business processes, managing contracts can be likened to navigating a dense labyrinth. One misstep or oversight can lead you progressively more astray. Yet, with an effective contract management system in place, the path becomes clearer and the journey smoother. Let’s delve deep as we unravel the secrets of mastering contract management.

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    Our Free Contract Tracker & How It Can Help Your Contract Process

    By Joshua Hansen on 03/29/23

    reading-minutes-icon-one-color 2 min read

    Keeping track of contracts can prove challenging, especially without a centralized system.  While contract management software provides a robust solution for contract lifecycle management, a basic contract tracking spreadsheet can help you retain some oversight.  Read on to learn how you can leverage CobbleStone Software’s free contract tracker to help streamline your contract management procedures.

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