Gatekeeper Contract and Vendor Management Glossary

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

Legally Binding Contract

An Agreement will be construed as legally binding by the courts and the involved Parties if:

  • An Offer has been made and Accepted
  • All Parties receive some benefit
  • There is agreement on the terms
  • There is an intention by each Party to be bound to their promises.

You can store all your Legally Binding Contracts in a secure and centralised repository to create a single source of truth about your portfolio.

You can also monitor legally binding contracts to ensure you are realising the agreed outcomes.