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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.

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Identity Providers (IdP)

An identity provider is a system entity that creates, maintains, and manages identity information for principals and also provides authentication services to relying applications within a federation or distributed network. Identity providers offer user authentication as a service.


Implementation in CLM refers to the process of introducing and deploying a CLM system within an organization. It involves configuration, training, and ensuring that the system aligns with organizational needs.

Implementation Support

Assistance in configuring and setting up the CLM software or platform to align with the organization's specific requirements.

Implied Warranty

This is an unwritten and unspoken guarantee that certain aspects of a product or service are as expected. CLM systems may help in documenting and managing implied warranties to ensure that both parties understand the expectations and standards for performance.

Implied Warranty of Fitness for a Particular Purpose

This implies that a product or service is suitable for a specific purpose, even if it's not the product's main purpose.

Implied Warranty of Merchantability

This implies that a product is fit for its intended purpose and is of a quality typically expected in similar products.

Inbound Agreement

An Inbound Agreement is a contract that involves the receipt of goods, services, or intellectual property from an external party. It outlines the terms under which the organization receives these assets.


International Commercial Terms that define responsibilities of buyers and sellers in international trade transactions