Contract Lifecycle Management (CLM) Glossary Definition

Term Contract Lifecycle Management (CLM)
Definition

Contract lifecycle management is the process and software category for managing contracts from request and authoring through negotiation, approval, execution, obligations, renewal, and closeout.
Context & Usage

Legal, procurement, sales, and compliance teams use CLM to reduce risk, improve visibility, and standardize contract workflows.

Additional Resource: Authoritative source.

Related concepts include Electronic Signature, Workflow Automation and Governance.
Categories Knowledge Management and Content Governance, Cybersecurity, Compliance, and Access Management, Enterprise Applications, CRM, and Contact Center Systems