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CLM Glossary

From contract initiation to execution, this guide is crafted to assist contract professionals in grasping the nuances of contract lifecycle management.

All A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

General Business Contracts

General Business Contracts where the terms are explicitly stated, either in writing or verbally. The terms are clearly articulated, and both parties are aware of and agree to the specified conditions.

Generative AI

Generative AI is the use of artificial intelligence that can generate new and contextually relevant content, such as contract clauses or documents, based on patterns and input data.

Governing Law

Governing law is the jurisdiction whose laws will govern the interpretation and enforcement of the contract. It is a crucial element in cross-border contracts.

Guardrails

Guardrails in CLM refer to predefined guidelines and restrictions set to ensure that contracts adhere to legal, compliance, and organizational standards. They serve as boundaries for contract creation and negotiation.

HubSpot Integration

HubSpot integration involves connecting and interoperating a CLM system with HubSpot, a customer relationship management (CRM) platform. Integration streamlines data exchange and enhances coordination between contract management and customer relationship processes.

Identity Providers (IdP)

An identity provider is a system entity that creates, maintains, and manages identity information for principals and also provides authentication services to relying applications within a federation or distributed network. Identity providers offer user authentication as a service.

Implementation

Implementation in CLM refers to the process of introducing and deploying a CLM system within an organization. It involves configuration, training, and ensuring that the system aligns with organizational needs.

Implementation Support

Assistance in configuring and setting up the CLM software or platform to align with the organization's specific requirements.