Explore, learn, and empower

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

Subcontractor Agreement

A subcontractor agreement establishes the terms between a contractor and a subcontractor, defining the scope of work and responsibilities. Subcontractor agreements are particularly relevant and important in industries where projects often involve multiple tiers of contractors or specialized services such as construction, manufacturing, defense, oil & gas, telecommunications, and more.

Subscription Agreement

A subscription agreement outlines the terms and conditions for subscribing to a service or product over a specified period, often involving recurring payments.

Supply Chain Management

Supply Chain Management (SCM) involves the coordination and optimization of processes related to the production, procurement, and distribution of goods or services. Contracts within SCM govern relationships with suppliers, manufacturers, and distributors.

Sustainability Clause

Addresses the environmental and social responsibility aspects of the contract.

Term and Termination

Specifies the duration of the agreement and the conditions under which either party can terminate the contract. It may also include provisions for renewal.

Termination for Convenience

Termination for Convenience is a contractual provision that allows one party to terminate the contract without specific cause or fault. This is often included to provide flexibility for either party to end the agreement under certain conditions

Termination Notice

Termination Notice is a formal communication provided by one party to another, indicating the intent to terminate a contract. It typically outlines the reasons for termination, the effective date, and any relevant procedures.

Terms and Conditions

Terms and Conditions in a contract specify the rules, obligations, and rights of the parties involved.