Forum Selection Clause
Specifies the jurisdiction or court where disputes arising from the contract will be resolved.
A Franchise Agreement is a contract that outlines the terms and conditions under which a franchisor grants the right to an individual or entity (franchisee) to operate a franchise business.
A clause that addresses unforeseen circumstances (like natural disasters) that may prevent the fulfillment of contractual obligations.
Funding is the allocation and management of financial resources to support contractual obligations and projects. It includes budgeting, sourcing funds, and financial planning.
Finance teams play an important role in contracts, including budgeting, cost analysis, and financial considerations related to contractual obligations.
Field mapping typically refers to the ability to map relevant fields in the CLM system for easy extraction and retrieval.
Fixed-price contracts are agreements where the total contract price is predetermined and does not change, regardless of the actual costs incurred by the seller. It provides cost certainty to the buyer.