Contract Insights

Did you remember to read all of our blog posts from November? Don't worry; we have outlined each of them for you. Stay up-to-date with industry topics, real-world case studies, and contract management software and procurement best practices in December by reading the latest CobbleStone^® content.

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.

Solid business contracts fuel smooth operations for businesses that meet our demands and innovate for a better world. But what are the steps involved in business contracts? How can businesses form a winning strategy for mutually beneficial outcomes? This blog will explore the three steps of business negotiations along with the strategies and tools needed to succeed.

Technology has brought expediency and efficiency to a myriad of business processes. However, some contract management solutions fall short in this regard (that is, they fall short of true digital contracting). Pushing web-based contract documents between resources and enhancing collaboration is a start, but true digital contracting moves beyond the status quo of a document-first approach that is untraceable, unactionable, and slow. But how do organizations move on from the disjointed movement of digital documents and embrace a data-first, data-driven, and truly integrated approach to contract lifecycle management (CLM) designed for the modern contract management professional? Read on to discover the benefits of digital contracting for legal teams and anyone else involved in the contracting process.

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.

Looking to elevate your productivity and value during contract management? Well, contract managers often find themselves juggling multiple responsibilities related to the contract lifecycle. Manually managing these responsibilities with outdated processes can lead to inefficiencies related to repetitive contract lifecycle tasks, confusing and disorganized contract storage, bottlenecked collaboration across teams, and more. But what if you had a configurable, tailored, and time-saving tool instead? To that end, here are three productivity hacks to help you stay efficient, organized, and ahead of the game.

Meet Evan J., the Video Production Specialist at CobbleStone Software, who has been a member of the CobbleStone^® family since February 2023. Recently, we interviewed Evan about his experience at CobbleStone. He kindly shared some insights into his role and advice for those considering a video production career in SaaS/contract management software.

Nearly every business relationship involves a contract. At the crux of every contract is back-and-forth negotiation and contract management. This chess-like undertaking requires purposeful and good-faith cooperation on both sides.

The cutthroat, 1980s Wall Street businessman approach of trying to steamroll one’s opponent into submission often depicted in movies does not reflect successful contract negotiation and contract management in real life. True contract negotiation requires active listening, considerate acknowledgment of both parties’ pain points, and the ability to forge a win-win agreement.

As such, here are 8 contract negotiation strategies to improve your contract negotiation and contract management processes.