Just about every contract, including 3rd-party and internal agreements in areas like procurement, employment, services outsourcing, leases, sales, NDAs, intellectual property (IP), facilities, and others – regardless of how simple or complex – goes through the same basic set of stages. These contract stages are:
Contract Request
Contract Authoring
Contract Negotiation
Contract Approval Process (with electronic signature capability)
Contract Execution
Contract Obligations Management
Contract Renewals
Contract Audit + Reporting
Contract Amendment