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Top Rated Solution for Vendor and Contract Lifecycle Management

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“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

Contractual Agreement

A contractual agreement is also simply known as “contract.” A contractual agreement is a legally-binding agreement entered into by two or more parties.

The phrases 'Contract' and 'Contractual Agreement' are often used interchangeably, along with 'Agreement'. 

It's important to note that 'Agreement' has a legal significance that differs from 'Contractual Agreement'.

Rather than being legally-enforceable, agreements lack formalities required to be a contract.

If any issues arise, they are not contestable in court. 

An agreement is usually shown from a signature, which can be electronic or wet. 

All agreements can be stored centrally and securely in Gatekeeper. 

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