Concept: Library
We enable users to create and organize a library of clauses with guidance on when to use each.
You can access the library from our top navigation, where you can:
- Add, copy, edit or delete the clause. Organize and label them based on its type.
- Use the cause Library as a reference for markups and requested edits, instead of redrafting from scratch.
- With just 2 clicks, you can drop in preferred language or acceptable fallback clauses, which administrators can designate for each clause type.
- To ensure legal and business best practices, provide contract negotiators with guidance on preferred and fallback clauses, flag unacceptable or non-negotiable terms, and supply admin-generated guidance on using context-specific clause variations.
- Document terms that are never acceptable to help negotiators avoid:
- Agreeing to risky terms and conditions.
- Wasting time on negotiations that are unlikely to benefit the business.
Once logged into your Contract Management and Document Intelligence workspace, you will see the Library console.
Clauses added to the Library can be filtered by using the clause name or position labels
- Preferredfor clauses that are the first choice for contracts. We display preferred clauses with a green background. [Note: We can change this language.]
- Fallbackfor acceptable clauses that aren't the primary option. We display fallback clauses with a gray background.
- Walk awayfor clauses that are unacceptable for any contract. We display walk-away clauses with a red background.