The 8 Stages of the Contract Lifecycle

    By Jamie Reedy on 03/8/23

    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 contract management software can help streamline your contracting processes. 

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    How Contract Review Can Be Easy With CLM Software

    By Sean Heck on 01/16/23

    reading-minutes-icon-one-color 3 min read

    Contract review is a crucial contract management stage.  Unfortunately, far too many organizations overlook this process or leverage out-of-date methods that can increase unnecessary risk.

    Thankfully, we can establish a contract review processes checklist and manage the life of a contract with leading contract management software.  Let’s get started.

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    Wet Signature Meaning & Why Handwritten Signatures Are Obsolete

    By Sean Heck on 01/5/23

    reading-minutes-icon-one-color 3 min read

    Signed, sealed, delivered...What comes to mind when you imagine a "signature" being performed on a document? Most likely, you picture a wet signature - meaning a handwritten signature.

    The iconography of the wet signature is pretty ubiquitous, but what does a signature do? What is a wet signature? Why is it so obsolete? What's a better option than a wet signature?

    Read on to find out.

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

    By Sean Heck on 08/30/22

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

    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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