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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

Legal technology

Legal Tech refers to the use of technology, software, and innovative tools to streamline and improve legal processes, including contract creation, management, and analysis.

Legal Week

Legal Week refers to an event or series of events dedicated to legal professionals, providing insights, updates, and discussions on legal industry trends, innovations, and best practices

License Agreement

A License Agreement is a contract that grants permission to use, distribute, or sell intellectual property, such as software, patents, or trademarks. It outlines the terms and conditions of the license.


The entire span of a contract from its creation to its termination or expiration.

Limitation of Liability

Limitation of Liability, otherwise known as the LoL clause, is a contractual provision that restricts the amount and types of damages that can be claimed in the event of a breach. It sets limits on the financial responsibility of the parties.

Liquidated Damaages

A predetermined amount of compensation for specific breaches of contract.