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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

Digital Contract

A digital contract, also known as an electronic contract or e-contract, refers to a contract created, signed, and stored in digital form rather than traditional paper-based formats. Digital contracts leverage electronic means for their creation, execution, and storage, often using electronic signature technologies and digital platforms. This approach aims to streamline and enhance the efficiency of the contract lifecycle management process.

Dispute Resolution

Specifies the process for resolving disputes between the parties, whether through arbitration, mediation, or other means.


The DocMaster plugin from Malbek, or a similar Word plugin in other CLM systems, typically offers features that streamline and optimize the contract creation, editing, and collaboration processes directly within Microsoft Word.


DocuSign is an electronic signature solution commonly integrated into CLM platforms. It allows parties to sign contracts digitally, streamlining the signature and approval processes in a secure and legally compliant manner.

Due Diligence

Due Dilligence is a thorough investigation and assessment of contracts, financials, and legal aspects during mergers, acquisitions, or other business transactions. It ensures that risks and liabilities are identified and mitigated.

Duration and Termination

Specifies the start and end dates of the contract. It also outlines conditions and procedures for terminating the contract, including any notice periods or penalties for early termination.

Duration of Confidentiality

Specifies the time period during which the receiving party must maintain the confidentiality of the information. Some NDAs have a defined expiration date, while others may extend the obligation indefinitely.