Legal Contract Lifecycle Management (LCM) is an important tool for any organization that wishes to remain in compliance with legal and regulatory requirements. With LCM, organizations can efficiently manage and track the entire lifecycle of their contracts – from drafting, negotiation and execution, to ongoing management and review. By streamlining the process and ensuring accuracy, LCM enables businesses to protect themselves from costly litigation, mistakes, or breach of contract. Through effective management of the legal contract lifecycle, companies can save time and money while also reducing risk.