Industry Standards
Established norms and criteria that dIndustry Standards in CLM refer to established norms, practices, or guidelines within a specific industry. Contracts may incorporate industry standards to ensure compliance and best practices.efine acceptable practices within a specific industry, influencing how contracts are managed.
Influencer Agreement
An Influencer Agreement is a contract between a brand or company and an influencer. It outlines the terms of collaboration, including deliverables, compensation, and expectations.
Initiation
Initiation of a contract is typically triggered by a contract request from a business unit, department, or individual within the organization.
Insurance Requirements
Outlines any insurance coverage that the vendor is required to maintain during the term of the agreement.
Intakes and Requests
Intakes and Requests involve the formal submission and processing of requests for new contracts or contract-related actions. It includes capturing essential information to initiate the contract lifecycle.
Integration
The seamless connection of CLM software with other business systems, such as ERP, CRM, or CPQ, to enhance overall efficiency and data accuracy.
Integration Services
Integration services help ensure the CLM platform is properly connected to other enterprise systems, such as CRM or ERP, to ensure data consistency and streamline processes.
Intellectual Property
Intellectual Property includes intangible assets such as patents, trademarks, copyrights, and trade secrets. Contracts often address the ownership, licensing, and protection of intellectual property.