Search and Retrieval
Search and retrieval uses keywords or specific criteria to locate digital contracts. This makes it convenient for CLM users to locate and reference contract information when needed.
Security Agreement
A Security Agreement is a legal document that outlines the terms and conditions related to the use of collateral to secure a loan or financial transaction. It defines the rights and obligations of the parties involved in securing the agreement.
Security and Privacy Addendum
A Security and Privacy Addendum is an additional document attached to a contract that specifically addresses security and privacy considerations. It outlines measures and obligations related to the protection of sensitive information.
Sell-Side Contracting
Sell-Side Contracting refers to the process of creating, negotiating, and managing contracts from the perspective of the selling party. It involves the preparation of agreements that meet the selling organization's terms and conditions.
Serial Approvals
Serial Approvals involves a sequential process where contract approvals are obtained one after the other, often passing through multiple levels or departments. Each approver reviews and approves the contract in a predefined order.
Service Agreement
A Service Agreement is a contract that outlines the terms and conditions governing the provision of services by one party to another. It includes details such as service scope, payment terms, and performance expectations.
Service Level Agreement
A Service Level Agreement, otherwise known as an SLA, specifies the agreed-upon levels of service in terms of quality, availability, etc. When looking at a CLM solution, it's important to understand support response time.
Service Levels and Performance Metrics
Specifies the standards of performance that the vendor is expected to meet. This may include quality standards, response times, and other measurable metrics.