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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


G2 is a software and services review platform where users can share reviews and insights about various business tools, including CLM software.

General Business Contracts

General Business Contracts where the terms are explicitly stated, either in writing or verbally. The terms are clearly articulated, and both parties are aware of and agree to the specified conditions.

Generative AI

Generative AI is the use of artificial intelligence that can generate new and contextually relevant content, such as contract clauses or documents, based on patterns and input data.

Governing Law

Governing law is the jurisdiction whose laws will govern the interpretation and enforcement of the contract. It is a crucial element in cross-border contracts.


Guardrails in CLM refer to predefined guidelines and restrictions set to ensure that contracts adhere to legal, compliance, and organizational standards. They serve as boundaries for contract creation and negotiation.