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Glossary
Common terms and concepts used in the context of contract lifecycle management.
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Click-through agreement
A click-through agreement is a contract that companies make you agree to before you can use their digital products or services.
Contract lifecycle management
Contract lifecycle management is the process of managing contracts from creation through to renewal or expiry.
Data processing agreement
A data processing agreement (DPA) is a contract between a data controller and a data processor to regulate personal data handling.
Electronic signature
Electronic signatures are a way to electronically sign a document. It enables you to sign legally binding contracts online.
Entire agreement clause
An entire agreement clause declares the written agreement to be the complete and final understanding between the contracting parties.
Escrow Agreement
An escrow agreement is a legal arrangement where a neutral third party holds assets or funds until predefined conditions are met.
Force majeure
A force majeure clause is a term that covers unexpected events that prevent contract fulfilment, sometimes referred to as an 'act of God'
Non-compete clause
A non-compete clause prevents from engaging in business activities with third parties that compete with the contracting party.
Non-disclosure agreement
NDA - perhaps the most well-known legal term out there - is an abbreviation for non-disclosure agreement.
Termination clause
A termination clause is a provision in a contract that outlines the terms and conditions under which the agreement can be ended.
Version control
Version control is the practice of tracking and managing changes to documents like legal agreements over time.