The Seven Stages Of A Contract Management

Contracts vary infinitely in types, complexity, length, and terms, right from basic contracts like employment agreements, vendor-supplier agreements, and licensing agreements to critical documents like partnership agreements, bill of sale, procurement contracts, and so on.

For instance, consider a contract management executive, who has to: coordinate with multiple departments, create and review contracts, identify opportunities to improve business processes, and provide guidance to teams for contract generation. Plus, the biggest daily work responsibility is to – oversee the entire contract lifecycle, which includes seven key stages.