LinkSquares Glossary and Terms

Computer systems that simulate human intelligence, used in legal tech to automate tasks like contract review.

A detailed, time-stamped log of all contract actions and changes, ensuring transparency and accountability.

The highest-ranking legal executive in an organization, responsible for legal strategy, risk management, compliance, and advising leadership.

Identifying and pulling specific clauses from contracts using AI for accuracy and speed.

Ensuring contracts meet legal, regulatory, and company policy requirements.

Using data and AI to extract insights from contracts, supporting better decisions.

Managing a contract from creation to expiration, helping streamline workflows and reduce risk.

A centralized location for storing, managing, and searching contracts.

A measurable value used to evaluate the success of a team or process in achieving specific objectives, commonly used in legal ops to track contract efficiency, risk reduction, and cost savings.

A function that improves legal team efficiency through tech, process, and data.

A contract that protects confidential information from being shared.

Monitoring and fulfilling contract responsibilities like payments or deliverables.

The process of reviewing and editing contracts, with changes tracked for clarity.

Tracking contract end dates and renewal terms to prevent lapses or missed opportunities.

Identifying and addressing potential risks in contracts to protect the business.

Managing changes to contracts to ensure everyone works from the latest version.

Explore how LinkSquares can help your team streamline contract management with AI-powered insights.