Gatekeeper Contract and Vendor Management Glossary

Search common contracting language and take a deeper dive to discover what each means

Contract Lifecycle Management

Contract Lifecycle Management is the systematic management of a Contract throughout its lifecycle.

The lifecycle of each contract is broken down into seven stages: 

  1. Inception
  2. Negotiation
  3. Execution
  4. Start-Up
  5. Operation
  6. Renewal
  7. Closeout

Effective contract lifecycle management should include technology that gives complete control, streamlines internal processes and stores contracts securely. 

Gatekeeper helps businesses to effectively manage the lifecycle with powerful automation, artificial intelligence and complete visibility of their portfolio.

Complete with a Microsoft Word-compliant, redline solution, eSignatures and automatic renewal notifications, Gatekeeper gives you control at every stage.