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BestContract Lifecycle Management www.thelegalcapsule.com
What is Contract Lifecycle Management? CLM refers to managing every stage of a contract, from drafting to renewal or termination. www.thelegalcapsule.com
The lifecycle of a Contract: 1.Initiation 2.Drafting 3.Negotiation 4.Approval 5.Signing 6.Execution 7.Renewal/ Termination www.thelegalcapsule.com
Manual CLM: Challenges 1.Time-consuming 2.Deficient visibility 3.Risk-prone 4.Inapt storage www.thelegalcapsule.com
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