Contract Insights

Clause libraries have proven incredibly useful for advanced legal operations and contract lifecycle management – if appropriately implemented.  Unfortunately, your organization can mismanage your clause library with antiquated technology, manual clause tracking and clause storage, and the lack of an expeditious way to leverage clauses during contract authoring and contract negotiation.  Luckily, you can supercharge your clause library with user-friendly and robust contract management software.  Here's how.

Simply put, document editing and document collaboration can be a nightmare - especially as they apply to contract management.  Manual and outdated document editing methods often require lots of moving parts - including various emailed communications about numerous document edits, frantic scrambling for relevant clauses, and convoluted procedures for document version tracking.  These processes can easily lead to lost document edits, erroneous clause language, and scattered and misplaced versions.  As a result, your organization could unfortunately experience missed contract tasks, delayed contract authoring and contract negotiations, and deleteriously incorrect contract clause language - which could jeopardize your organization's legal standing, reputation, and financial standing.  Leave these damaging and antiquated document editing methods in the past in favor of user-friendly online document editing with CobbleStone Software.

General Counsel and paralegals face growing contract volume and contract complexity.  The lack of an efficient legal contract management process can render obstacles that legal departments encounter nearly impossible to overcome.  As such, here's how to utilize legal contract management software for a shortened legal contract lifecycle.

Disorganized document and contract storage, workflows relying upon phones and emails, and manual document writing solutions won’t suffice in 2020.  Don’t slip back into the success-minimizing habits of 2019.  Revive your contract management new year’s resolution for this year with a process that leverages a secure contract repository, automated workflows, and streamlined document assembly.