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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 management process. 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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Signing Contracts: 5 Tips for a Better Process

By Sean Heck on 12/5/24

3 min read

CobbleStone Software explains signing contracts and five tips for a better process.

Signing contracts is important. A signature seals an agreement between parties, legally binds them, and confirms responsibilities. By signing, you confirm that you have read and understood the terms of the contract and are bound to perform your duties as outlined in the agreement. Financial health, legal standing, and reputation are all on the line. Given the importance of signing contracts, you ought to have a healthy and efficient process for doing so. To that end, here are five tips for a better contract signing process.

Topics: e-sign E-signatures eSignature signatures electronic signatures eSignatures electronic signature software contract signatures contract signing eSignature Software

What Is an Executed Contract? - A Brief Overview.

By Sean Heck on 11/20/24

3 min read

CobbleStone Software explains executed contracts in a brief overview.

Contract execution is a critical stage in contract lifecycle management. By this point, the terms of the contract have been negotiated. Parties involved have ensured that everything is understood and all necessary resources have approved the written agreement. From there, contract parties sign the contract to propel its execution.

Given the importance of this stage of contract management, you should know what an executed contract is and its meaning. As such, here is a brief overview of contract execution.

Topics: E-signatures eSignature Electronic Signature electronic signatures eSignatures post-award contract automation electronic signature software eSignature Software contract execution

What Is a Contract Amendment? How Can Contract Amendments Be Managed?

By Sean Heck on 08/21/24

4 min read

CobbleStone Software defines a contract amendment and how contract amendments be managed.

A contract amendment is a modification of the terms and conditions of a contract or subcontract.

Though we will explore contract amendments more in-depth, it is worth noting that changing the structure, duties, obligations, or rights of a contract requires increased oversight.

To that end, let's explore contract amendments and how disparate, important, and sensitive information can be managed, and contract amendments can be executed smoothly for effective contract management.

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