Contract Insights: The Leading Resource for Contract Management & Procurement Professionals

Contract Termination - A Simple, 3-Step Approach

By Sean Heck on 06/26/24

5 min read

CobbleStone Software details a simple three step approach to contract.

Contract termination should involve rigorous financial analysis, contract performance data analytics, and the creation of a notice of termination to avoid a breach of contract. Unfortunately, contract termination involves tight deadlines and specific terms of the contract required to terminate a contract. Organizations need a strategy to identify contracts not meeting contract KPIs, write notices of contract termination, and secure proper contract closeout.

This article will show you how to implement this strategy readily with the help of contract management software.

Topics: Contract Analytics Contract Insight contract writing Contract Management Document Collaboration contract termination

The 8 Stages of the Contract Lifecycle

By Jamie Reedy on 05/20/24

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.

Topics: CLMS Return on Investment compliance contract authoring Contract Compliance Contract Compliance Software contract life cycle management Contract Lifecycle Contract Lifecycle Management contract lifecycle software Contract Lifecycle Stages Contract Management Process contract negotiation Contract Stages contract writing contract writing solution e-sign E-signatures eSignature Contract Management Software Maximize ROI with CLM signatures CLM CLM ROI CLMS Electronic Signature electronic signatures eSignatures contract approval process contract renewals CLM Software electronic signature software IntelliSign contract requests legal requests Stages of the Contract Lifecycle The Stages of the Contract Lifecycle

What is Contract Lifecycle Management?

By Sean Heck on 03/15/24

8 min read

What is contract lifecycle management? CobbleStone Software explains contract lifecycle management tools.

Organizations of all sizes face the need to juggle multiple digital contracts simultaneously, with each contract being at a different stage of the contract lifecycle. Leading contract management software saves time, reduces risks, improves productivity, and maximizes a contract's value. But what is contract lifecycle management? Read on to find out!

Topics: Contract Compliance Contract Compliance Software Contract Lifecycle Management contract negotiation contract writing contract writing solution Contract Management Software CLM electronic signatures contract approval process contract renewals electronic signature software IntelliSign contract requests

How Contract Review Can Be Easy With CLM Software

By Sean Heck on 01/16/23

3 min read

CobbleStone Software explains how to improve contract review processes and related procedures with contract lifecycle management software.

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.

Topics: contract authoring contract negotiation contract writing contract writing solution e-sign E-signatures eSignature signatures Electronic Signature electronic signatures eSignatures contract clauses electronic signature software IntelliSign digital signatures digital signature software COI Tracking contract signatures contract signing eSignature Software Contract Review