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Top Rated Solution for Vendor and Contract Lifecycle Management

G2 reviews, 4.5 stars Software Advice, 4.7 stars

“Before Gatekeeper, our contracts were everywhere and nowhere.”

Anastasiia Sergeeva, Legal Operations Manager, BlaBlaCar

“Gatekeeper is that friendly tap on the shoulder, to remind me what needs our attention.”

Donna Roccoforte, Paralegal, Hakkasan Group

“Great System. Vetted over 25 other systems and Gatekeeper rose to the top.”

Randall S. Wood, Associate Corporate Counsel, Cricut

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Gatekeeper Contract and Vendor Management Glossary

Search common contracting language and take a deeper dive to discover what each means

Glossary > C

Contract

A Contract is a legally enforceable agreement entered into by two or more parties.

For a Contract to be binding it must meet the following legal requirements: 

  • All parties must have the  capacity to enter into the contract - for example, they must be of legal age.
  • The contract must have consideration. The law of a particular state must be examined to determine the jurisdiction’s requirements as part of the consideration. 
  • The subject matter must be lawful.
  • Both parties must assent to the agreement. 

Contracts can also be oral or verbal, but in some instances the must be written out. 

Gatekeeper makes it easy to store, see and manage your contracts, so you have control during every stage of the lifecycle. 

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