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

Memorandum of Understanding (MOU)

A Memorandum of Understanding in CLM is a non-binding agreement that outlines the intentions and basic terms of a collaboration or partnership between parties. It serves as a precursor to a formal contract.

Metadata and Tagging

CLM Word plugins allows users to add metadata, tags, or annotations to contract documents. This additional information aids in searchability, categorization, and organizing contracts within the CLM system.


Migration refers to the process of transferring contract data, documents, or systems from one platform or location to another. It ensures a smooth transition while maintaining data integrity.

Monitoring and Compliance

Monitoring and compliance refers to how a CLM system monitors key milestones and deadlines specified in the contract, sending automated notifications and alerts to stakeholders.

Mutual Agreement

Mutual Agreement signifies that all involved parties have reached a consensus and willingly accepted the terms outlined in a contract. It highlights the agreement's collaborative nature