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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

Large-Language Model (LLM)

Large Language Models (LLM) refer to advanced machine learning models that are specifically designed for natural language processsing tasks. These models are trained on massive amounts of textual data and have a vast number of parameters, enabling them to learn complex patterns, structures, and semantics of human language.

Lease Agreements

Lease Agreements are contracts that outline the terms and conditions for renting or leasing real estate or assets. They specify details such as rent, duration, and responsibilities of the parties involved.

Legacy contracts

Legacy Contracts refers to contracts that were created and executed before the implementation of a CLM system. Managing legacy contracts may involve digitizing, updating, or transitioning them into the CLM platform.


Legal pertains to the aspects of contracts and contract management that involve adherence to laws, regulations, and legal standards. Legal considerations are integral to drafting, negotiating, and enforcing contracts.

Legal Collections

Legal Collections are a way of linking together multiple clickwrap agreements, which can then be easily shared from a single link. With a clickwrap tool in place, mix and match from your library of agreements to create the perfect combination needed for a specific audience, event, or any other purpose. Plus, any single agreement can be shared individually and used across multiple Legal Collections at the same time.

Legal Copilot

Legal CoPilot refers to a legal technology tool or platform designed to assist legal professionals in managing contracts, providing insights, and streamlining legal processes within the contract lifecycle.

Legal Ops

Legal Ops involves the strategic management and optimization of legal processes, technology, and resources. It aims to enhance the efficiency and effectiveness of legal functions, including contract management.

Legal Recourse and Remedies

Defines the legal consequences for a breach of the NDA, including any monetary damages or injunctive relief that may be sought.