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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

Unconscionable contracts

Unconscionable Contracts refer to agreements that are so one-sided or oppressive that they are considered unfair or unconscionable. Courts may void or modify such contracts to protect the party at a disadvantage.

Unilateral contracts

Unilateral Contracts are agreements where one party makes a promise or offer, and the other party accepts by performing a specific action. The contract is formed upon completion of the requested action.

Unit Pricing Contracts

Unit Pricing Contracts involves pricing based on the quantity or units of goods or services provided. The total cost is calculated by multiplying the unit price by the quantity delivered or performed

Usage Metrics

Usage Metrics are used to measure and track the usage of services or products outlined in the contract. These types of metrics are typically tracked in CLM solutions to better understand the value you are getting from the system.

User Adoption

User Adoption refers to the degree to which users effectively and willingly utilize a new system or technology, such as a CLM platform. It measures how well the intended users embrace and integrate the system into their workflows.

User Conference

User Conference is is an event or gathering organized by a software provider or organization, bringing together users of a particular system or platform. It provides an opportunity for users to learn, network, and share experiences.

User Experience (UX)

The overall experience and satisfaction of users interacting with the CLM system, focusing on ease of use and efficiency.

User Feedback

User feedback for CLM software encompasses comments, opinions, and insights provided by users regarding their experiences with the software. This feedback can cover various aspects, including features, usability, challenges faced, and suggestions for improvements. It is often collected through surveys, interviews, or direct communication channels. When evaluating CLM vendors, consider asking for feedback and references.