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.
The 8 Stages of the Contract Lifecycle
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
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We Give an Illustration That Shows the Stages in the Life of a Contract
In order to get started with improving contract lifecycle management, there first needs to be an understanding of what exactly the contract lifecycle is - as well as how it progresses. To that end, we have provided an illustration that shows the stages in the life of a contract - as well as descriptions that give more insight into how each stage involves and can be managed with contract management software!
Topics:
compliance
contract authoring
Contract Compliance
Contract Compliance Software
contract life cycle management
Contract Lifecycle
Contract Lifecycle Management
contract lifecycle software
Contract Lifecycle Stages
contract negotiation
Contract Stages
contract writing
contract writing solution
e-sign
E-signatures
eSignature
signatures
Electronic Signature
electronic signatures
eSignatures
contract approval process
electronic signature software
IntelliSign
contract requests
legal requests
Continue Reading
