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
By Jamie Reedy on 06/27/22
Topics:
CLMS Return on Investment
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Contract Lifecycle
Contract Lifecycle Management
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Contract Lifecycle Stages
Contract Management Process
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Stages of the Contract Lifecycle
The Stages of the Contract Lifecycle
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