Contract Lifecycle Management

What is Contract Lifecycle Management?

Contract lifecycle management (CLM) products provide a suite of applications that handle all or many of the processes involved in end-to-end contract management, from contract generation, drafting and approval workflows, to contract database management, to post-execution contract review, analysis and performance monitoring.

The purpose of CLM software is to manage contracts from offer and acceptance to maintenance and renewal or expiration. The software handles contracts as agreements between two or more parties that create legal obligations enforceable at law and bring a risk of non-compliance with terms and conditions.


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CobbleStone Contract Insight

Law.com's Legaltech News
How Vendors and Clients Can Bridge the Divide Over How AI Applies to CLM
Training AI is an aspect of implementation that vendors need to discuss more with their prospects during sales calls—and one that prospects must educate themselves better on to make more informed CLM purchase decisions.
Law.com's Legal Tech News
6/20/2023