02 — Capability · BC-640.20
Contract Lifecycle
Get agreements drafted, approved, signed and stored so that the organization knows what it has committed to, when each commitment ends and what it is entitled to claim.
- Contract Management
- CLM
- Agreement Management
In scope
- Templates and clause library for drafting
- Negotiation tracking and approval
- Execution and repository and obligation tracking
- Renewal and expiry handling
Out of scope
- Legal advice on terms (see BC-150)
- Customer-side sales contracts (see BC-430)
Realized by · 1
Used in · 1
Build it · 0
- Nothing in the library points here yet.
Decomposes into · 4
- BC-640.20.10Contract Drafting & NegotiationStart from approved templates and clauses, track every redline and route deviations to the people allowed to accept them.
- BC-640.20.20Contract Execution & RepositorySign, store and index every agreement so any authorized person can find the current version and its key terms in minutes.
- BC-640.20.30Obligation & Entitlement TrackingExtract the dates, service levels, volumes, rebates and notice periods from each contract and alert owners before they matter.
- BC-640.20.40Renewal & TerminationDecide deliberately whether to renew, renegotiate or exit before auto-renewal decides for you, and close out obligations on exit.