Contract Lifecycle Management (CLM) is undergoing a significant transformation, driven by advancements in artificial intelligence. This article explores how Large Language Models (LLMs) and Retrieval-Augmented Generation (RAG) are being leveraged to build highly efficient and intelligent CLM systems. We’ll delve into the architecture, key components, and practical applications that enable businesses to automate, optimize, and gain deeper insights from their contracts, minimizing risks and maximizing operational efficiency.