Intent
Intent refers to the expressed purpose or objective behind entering into a contract. Understanding the intent is crucial for drafting and interpreting contract terms accurately.
Internal Policies
Internal Policies refer to the rules and guidelines established by an organization for its employees and stakeholders. Contracts should align with internal policies to ensure compliance and consistency.
Joint Venture Agreement
A joint venture agreement outlines the terms and conditions for collaboration between two or more parties to pursue a specific business objective while retaining their separate identities.
Large-Language Model (LLM)
Large Language Models (LLM) refer to advanced machine learning models that are specifically designed for natural language processsing tasks. These models are trained on massive amounts of textual data and have a vast number of parameters, enabling them to learn complex patterns, structures, and semantics of human language.
Lease Agreements
Lease Agreements are contracts that outline the terms and conditions for renting or leasing real estate or assets. They specify details such as rent, duration, and responsibilities of the parties involved.
Legacy contracts
Legacy Contracts refers to contracts that were created and executed before the implementation of a CLM system. Managing legacy contracts may involve digitizing, updating, or transitioning them into the CLM platform.
Legal
Legal pertains to the aspects of contracts and contract management that involve adherence to laws, regulations, and legal standards. Legal considerations are integral to drafting, negotiating, and enforcing contracts.
Legal Collections
Legal Collections are a way of linking together multiple clickwrap agreements, which can then be easily shared from a single link. With a clickwrap tool in place, mix and match from your library of agreements to create the perfect combination needed for a specific audience, event, or any other purpose. Plus, any single agreement can be shared individually and used across multiple Legal Collections at the same time.