X-Author Contracts for Cloud

Agreements / Contracts

A contract (or an agreement) is an arrangement with specific terms, enacted between two or more entities, in which there is a promise to perform something in return for valuable consideration or benefit.

Clauses

Modular blocks of text that are used repeatedly. By adding these blocks to a library called a playbook, they can be reused continuously in multiple documents.

Documents

The dynamically generated output from the merging of an agreement record’s data in the CRM with the static text of a template.

Document Lock/ Unlock

Locking a document prevents others from editing the document and checking in a new version at the same time you are working on it. Lock or Unlock (toggle) button is available on the X-Author Contracts or X-Author Templates ribbon.

Playbook

A repository of templates, clauses, sections, or supporting documents, which can be inserted in the template as inline text or smart content-controlled text.

Reconciliation

Reconciliation is a process that enables changes made to smart fields in an agreement document, outside of the CRM/ X-Author environment, to be reconciled with the data held in the Agreement record in CLM.

Values of smart fields and clauses can be reconciled when you check-in the agreement document in X-Author Contracts.

Template

Blueprints to generate a variety of document types when merged with data from quotes or proposals.

Update Fields

Update fields have content control borders (similar to smart fields) but are non-editable in a generated agreement document. You can update the value of an Update field in an agreement document only by using the Update from CLM button.

Functionally, these fields lie between smart fields and merge fields. Update fields are not inline like merge fields and their values cannot be edited like smart fields.

X-Author Contracts

A Microsoft Word plug-in that enables the legal team of an organization to execute an entire contract lifecycle inside Microsoft Word.