Clause Library Overview
The Clause Library provides access to a repository of pre-approved clauses used by your company. This feature streamlines contract creation and ensures consistency across all your documents.
When a contract is in the “Internal Review” stage, users can easily copy and paste these standardized clauses into contracts, saving time and maintaining uniformity.
Creating a New Clause
Follow these steps to create a new clause in the Contract Management Tool :
Navigate to Resources
Go to the “Resources” menu.
Select “Add New Clause.”
Fill Out Clause Details
On the left side of the form, input the following details:
Clause Name: Enter the name of the clause.
Clause Type: Select the type of clause.
Sub-Clauses: Add any sub-clauses if applicable.
On the right side, use the editor to input the clause content.
Save the Clause
Once the clause details are filled in, click “Save.”
The clause will be saved and available in the “View All Clauses” section.
To view and manage clauses:
Navigate to the Resource and select “View All Clause”
Click on “View All Clauses.”
Browse through and manage the clauses in your organization’s library.
By utilizing the Clause Library, you can efficiently create, view, and manage clauses, ensuring your contracts are accurate and standardized. This helps in maintaining consistency and compliance across all contractual documents.