Legal Contract Management Software

In any business, contractual obligations must be managed to ensure compliance with laws and internal company policies. All parties involved in a contract will be held responsible for the terms and agreements outlined in that contract. Therefore, it is very important to manage all contracts during the entire life cycle of the agreement.

The contract lifecycle is the process that binds parties to their obligations of a legal agreement. It consists of many different procedures, including negotiation, signature and counter signature, signature date, agreement date, and termination date. Each phase of a contract must be legally binding to make it legally enforceable. With legal contract management software, your legal department can effectively manage all legal agreements and counterparty contracts. Legal contract management should be easy and affordable for your company. With the assistance of a software solution, your legal team can oversee the entirety of your legal contract lifecycles, whether you are hiring new employees or engaging in business with partners.

Contract management software automates the creation, tracking, and monitoring of contracts. Professionals, such as salespeople or account representatives, who are involved in the negotiation aspect of contracting are tasked with defining terms and service level agreements, amending agreements, and executing contracts. Legal departments on both sides of a deal participate in the contracting process to ensure compliance with laws and regulations as well as with internal company rules.

Legal contract management software is used by legal departments of companies in all industries. The purpose of the software is to handle all phases of the contract lifecycle which includes legal clauses, negotiations, signature, counter signature, signing and execution of the deal, changes and amendments, and a full lifecycle. With this type of software, your team can streamline processes and ensure that all procedures follow company policy.

Legal contract management software automates the creation, tracking, and monitoring of contracts. Professionals, such as salespeople or account representatives, who are involved in the negotiation aspect of contracting are tasked with defining terms and service level agreements, amending agreements, and executing contracts. Legal departments on both sides of a deal participate in the contracting process to ensure compliance with laws and regulations as well as with internal company rules.

While signing contracts may seem like an easy process, there are a lot of hurdles that must be overcome. First, the content of the contract must be negotiated to both parties' satisfaction. Next, the content is converted into a digital format through scanning or reviewing hard copies. Then, internal review and approval procedures are followed to ensure there are no indemnities or other legal issues with the document. Finally, the contract contains a legally binding signature from each party's signatory, who is liable for the contract's terms and obligations.

Enable your legal department to streamline contract management with a hassle-free solution. Our legal contract management software helps your team manage contracts, the latest amendments, and counterparty contracts seamlessly. Using automated workflows and collaborative features, your team can create and manage agreements with clients, vendors, and partners with the efficiency and effectiveness of a digital process.

Fund managers, construction firms, and landlords are all familiar with the difficulty in managing all of their legal agreements. When it comes to managing contracts for your business, task management, reporting, analytics, and user permissions all need to be taken into consideration. With the proper legal contract management software, your legal department can effectively manage all legal agreements from counterparty contracts to lease agreements to ensuring all deliverables are met on time.

With contract management software like Dock, users have the ability to oversee their entire lifecycle of contracts. This includes the ability to send invitations, accept and negotiate bids on projects, and monitor the progress of the projects throughout all phases. With the assistance of a software solution, overseeing contract lifecycles becomes a seamless process that is easy for your team to utilize and access.