Contracts Explained

Understand release of liability contracts, when to use them, and how Contract Corridor helps manage and track liability waivers.

Discover the meaning of electronic contracts, common types, legal validity, and best practices for managing online agreements.

Understand website terms of service vs terms and conditions and ensure compliance with clear, user-friendly policies.

Discover how change orders help manage scope, cost, and timelines while reducing disputes and improving project governance.

Understand vendor agreements, key clauses, common risks, and best practices for vendor contract management.

Learn what an express contract is, how it differs from implied contracts, and how to manage enforceable agreements efficiently with Contract Corridor.

Learn what a procurement contract is, its types, benefits, and how to manage supplier agreements efficiently with Contract Corridor.

Discover how AI contract management and AI-powered CLM automate review, reduce risk, and improve visibility across the full contract lifecycle.

Learn the different types of NDAs, when to use unilateral, mutual or multilateral agreements, and how to manage them securely with Contract Corridor.

Understand the meaning of a Statement of Work (SOW), including key clauses, types, benefits, risks, and how it differs from an MSA or scope of work. Learn how SOWs define deliverables, timelines, pricing, and performance to reduce risk and improve contract governance.

Learn the main types of sales contracts, including contracts of sale, sales agreements, product and business sale contracts. Understand key clauses, benefits, risks, and when to use each to protect your business and ensure enforceable transactions.

Learn what a time and materials (T&M) contract is, how it works, key clauses, benefits, risks, and how businesses manage T&M contracts effectively.

Learn what contract terms are, the different types, and why clear contractual provisions are essential for enforceable agreements, risk management, and compliance.

Learn what contract law is, how contracts are legally formed, key principles, and how businesses can manage agreements to reduce risk and ensure enforceability.

Learn what a contractual agreement is, how it differs from a simple agreement, and what makes a contract legally binding. Explore key elements, types, and business uses.

Learn what an indemnity agreement is, how indemnity works in contract law, key clauses, types, and how businesses use indemnification to manage risk and liability.

Learn how to create a compliant privacy policy for your business. Understand key elements, legal requirements, and best practices to protect user data and build trust.

Learn what a contract is, its legal definition, key elements, and types. Discover the benefits, risks, and how effective contract management with Contract Corridor ensures compliance, reduces risk, and supports business success.

Learn what contractual capacity is and why it matters in contract law. Discover key elements, types, benefits, and risks of contracts, plus how businesses can ensure legal enforceability with tools like Contract Corridor.

Explore 31 types of business agreements and contracts, key clauses, benefits, risks, and examples to help you choose the right legal agreement for any business transaction.

Learn what a performance contract is, key types, benefits, and risks, plus how Contract Corridor tracks obligations, enforces standards, and ensures compliance.

Learn the 6 essential elements of a contract—offer, acceptance, consideration, intention, capacity, and legality—and how Contract Corridor ensures enforceable, compliant agreements.

Discover the difference between an NDA and a confidentiality agreement, when to use each, and how Contract Corridor simplifies management and compliance for businesses.

Learn what a privacy policy is, why it’s essential, and how to create one for your website, app, or business. Discover key clauses, examples, and how Contract Corridor simplifies compliance.

Discover what exclusivity means in contracts, how exclusive agreements work, key clauses, benefits, risks, and when to use exclusive vs non-exclusive arrangements in business.

Signatory authority defines who can legally sign contracts for your company. Learn the types, risks, and best practices to stay compliant and efficient.

Discover the 9 essential contract management best practices for 2026. Learn how to reduce risk, streamline approvals, improve compliance, and boost efficiency with Contract Corridor.

Learn what a contract manager does, their key responsibilities, and why this role is essential for businesses. Discover how contract managers ensure compliance, reduce risk, and streamline contract management with tools like Contract Corridor.

Discover how contract automation streamlines drafting, approvals, and management. Learn the benefits, use cases, and how Contract Corridor helps businesses automate contracts efficiently.

Learn step-by-step how to track changes, redline, and add comments to a PDF efficiently. Improve collaboration, streamline editing, and stay organized with our simple guide.

Understand the difference between an attorney and a lawyer, their roles in contracts, compliance, and legal representation, and how businesses can assign tasks effectively.

Discover how to become a paperless office in 2026. Learn benefits, challenges, and digital tools like Contract Corridor to streamline document and contract workflows.

Learn what a contract administrator does, their responsibilities, benefits, and how they manage contracts efficiently across industries.

Understand contract words, clauses, and lawyer language to avoid mistakes and manage agreements effectively.

Learn how to redline contracts in Word, track edits, compare versions, and manage revisions efficiently for legal and business documents.

Understand agreements vs. contracts, explore real-world examples, discover benefits and risks, and learn how to manage both with confidence.

Learn the difference between discharge and termination of a contract, common scenarios, risks, and manage endings efficiently with Contract Corridor.

Learn how to amend a contract, update terms clearly, avoid risks, and keep agreements legally valid and enforceable.

Discover the purpose of a contract, why contracts are important, and how they provide legal protection, clarity, accountability, and risk management in business.

Learn what a business contract is, key clauses, types, benefits, and how to manage contracts efficiently with Contract Corridor.

Master contract review with expert tips: identify risks, check key clauses, ensure compliance, and streamline the process using Contract Corridor tools

Learn how to terminate a contract, types of termination, risks, benefits, and ensure legal compliance with Contract Corridor.

Discover what consideration means in contract law, explore its types, see practical examples, understand associated risks, and learn how to manage consideration effectively with Contract Corridor.

Learn what a signatory is, who can sign a contract, types of signatories, risks, and how to manage signing authority with Contract Corridor.

Learn what an independent contractor agreement is, key terms, templates, legal requirements, and how to manage contractor contracts with Contract Corridor.

Learn what termination for convenience means, how it works, key clause elements, examples, and how to manage termination compliance with Contract Corridor.

Learn what contract authoring is, key clauses, risks, and methods. Improve contract creation with templates, clause libraries, and authoring software like Contract Corridor.

Addenda vs. agreements explained: manage contract updates, legal documents, and templates efficiently with Contract Corridor.

Contract performance explained: understand performance agreements, KPIs, and management while tracking obligations, milestones, and outcomes effectively.

Engagement letters made simple: understand key clauses, types, and benefits, and easily standardise and track them for professional services.

A clear explanation of governing law in contracts, why it matters, how it differs from jurisdiction, and how to manage governing law clauses with Contract Corridor.

Partnership agreements explained: key clauses, contract types, benefits, and how to manage partner relationships with confidence and compliance.

Learn what an executed contract means, the execution process, and how to manage fully executed agreements for compliance, risk reduction, and efficiency.

Streamline contract risk management, risk analysis, contract and risk compliance, and procurement contract risk management.

Explore how fixed price contracts ensure cost certainty, simplify obligations, and minimize risk, streamline contract management with ease.

Discover how contract management software centralises, automates, and streamlines contract lifecycles, boost efficiency, enforce compliance, and turn contracts into strategic business assets

Learn what an arbitration agreement is, its benefits, and how to manage clauses effectively. Streamline dispute resolution with Contract Corridor

Contract compliance ensures obligations are met, risks are reduced, and performance stays on track. Monitor compliance with Contract Corridor.

Enterprise Contract Management (ECM) explained, how it streamlines contract processes, improves compliance, and delivers value with ECM software.

A clear guide to Letters of Intent (LOIs), including key clauses, risks, and how they differ from contracts, plus how to manage LOIs with Contract Corridor.

Learn what a bilateral contract is, how mutual obligations work, benefits, risks, and how Contract Corridor simplifies tracking, approvals, and compliance.

Learn what a contract of adhesion is, its risks and benefits, industry examples, and how Contract Corridor helps manage standard-form agreements efficiently.

Learn what contractual obligations are, key types, risks, and examples, plus how Contract Corridor automates obligation tracking and improves compliance.

What is an indemnification clause? Explore the meaning, definition, and real-world examples of indemnity clauses in contracts, plus how to manage them effectively.

Understand cost-plus contracts, including types, key terms, benefits, risks, and strategies for transparent project management.

Learn what a licensing agreement is, key clauses, types, benefits, and risks, plus how Contract Corridor streamlines the management of IP and licensing contracts.

Discover what an aleatory contract is, how it works in insurance and risk-based agreements, and how Contract Corridor streamlines management with automation and control.

Learn what a purchase and sale agreement is, the types of PSAs, benefits, risks, and how Contract Corridor helps manage them efficiently.

Understand contract negotiations, negotiation in contract terms, and how to negotiate a contract successfully. Explore key clauses, risks, negotiation strategies, and how Contract Corridor simplifies contract review and negotiation.

Create clear Statements of Work (SOWs) with key elements, types, and best practices to streamline projects.

Learn what intellectual property law is, types of IP, key rights, infringement risks, and how Contract Corridor helps protect and manage intellectual property.

Learn what a EULA is, why End-User License Agreements matter, key clauses, benefits, and how Contract Corridor helps manage EULA compliance effectively.

Learn what a EULA is, why End-User License Agreements matter, key clauses, benefits, and how Contract Corridor helps manage EULA compliance effectively.

Understand the purpose of GDPR, core requirements, and global data protection comparisons. Learn how Contract Corridor enables GDPR-compliant contract management with real-time tracking and automated obligation alerts.

Learn what a unilateral contract is, how it works, and when to use it. Explore examples across industries, benefits, risks, and best practices for managing one-sided agreements effectively.

Learn what contract redlining is, how to redline a contract, and why it’s essential for legal and business teams. Explore redline contracts, key clauses, common risks, and AI-powered redlining tools to streamline negotiations and reduce contract risk.

Description: Understand what terms and conditions are, its meaning in business, types, examples, benefits, and how to manage terms and conditions in contracts.

Understand what an SLA (Service Level Agreement) is, its meaning in business, types, key clauses, examples, benefits, and how to manage SLA contracts.

Understand the meaning of force majeure in contract law. Learn how clauses manage risk from natural disasters, war, or pandemics with Contract Corridor.

Learn what an NDA (Non-Disclosure Agreement) is, its meaning in business, key clauses, benefits, and how to manage NDA contracts effectively.

In fast-moving industries, businesses often engage in recurring projects or services with the same partners. Drafting a new contract for every engagement slows operations and increases costs.

Contracts allocate risk, and few provisions do this more directly than the indemnification clause. If you’ve ever wondered “What is indemnification?”, “What does indemnify mean?”, or “What is an indemnity agreement?

In today’s digital-first world of e-signatures and online contracts, the term “wet signature” still appears frequently. But what is a wet signature, and why does it continue to matter?