Indemnification and Liability
Describes the responsibilities of each party in the case of legal claims, damages, or liabilities arising from the services provided.
Indemnity Agreement
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.
Independent Contractor Agreement
An Independent Contractor Agreement is a contract that defines the terms of engagement between a hiring entity and an independent contractor. It outlines the scope of work, compensation, and other relevant details.
Industry Standards
Established norms and criteria that dIndustry Standards in CLM refer to established norms, practices, or guidelines within a specific industry. Contracts may incorporate industry standards to ensure compliance and best practices.efine acceptable practices within a specific industry, influencing how contracts are managed.
Influencer Agreement
An Influencer Agreement is a contract between a brand or company and an influencer. It outlines the terms of collaboration, including deliverables, compensation, and expectations.
Initiation
Initiation of a contract is typically triggered by a contract request from a business unit, department, or individual within the organization.
Insurance Requirements
Outlines any insurance coverage that the vendor is required to maintain during the term of the agreement.
Intakes and Requests
Intakes and Requests involve the formal submission and processing of requests for new contracts or contract-related actions. It includes capturing essential information to initiate the contract lifecycle.