Contract Management System
/ˈkɒn.trækt ˈmæn.ɪdʒ.mənt ˈsɪs.təm/
Definitions
- (n.) A software platform or framework used to create, store, track, and manage legal contracts and related documents throughout their lifecycle.
The legal department implemented a contract management system to improve the oversight of vendor agreements.
Forms
- contract management system
- contract management systems
Related terms
See also
Commentary
Typically used in corporate legal settings, this term emphasizes centralized control and automation of contract processes to reduce risk and enhance compliance.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.