Paralegal Services
What Is Contract Lifecycle Management Software and How Does It Work?
Most legal teams don’t lose contracts. They lose track of them. An NDA sits in someone’s sent folder. A master services agreement auto-renews on terms nobody remembered agreeing to. A price adjustment clause goes unexercised for three years. None of it looks like a crisis on any given Tuesday, and all of it adds up. Research from World Commerce & Contracting, produced with Ironclad, puts the cost at an average of 11% of contract value lost once a deal moves into delivery and ongoing management. On $500 million in contracted spend, that’s roughly $55 million a year quietly walking out…