Even though you will have standard clauses that you wish to use in every contract, through negotiations, your trading partners will not always agree with them – as you know. Therefore, we provide the concept of template libraries - alternative clauses or sometimes known as fallback provisions. This allows you to select the alternative language with differing degrees of risk and acceptability so that you can replace your current clause with it.
As with contract language templates, clauses can also have embedded merge fields within them that get auto-populated during agreement creation time. Again, please ensure that your markup the clause template documents using Microsoft Word to identify the merge fields similar to the language templates.
Clauses or clause templates are created and maintained the same way as agreement templates. The difference is that clauses are smaller sections of text that can be manually added during the negotiation process or automatically added to an agreement using conditional logic, whereas agreement templates are comprehensive terms and conditions and can be used by the Apttus Merge Server to generate an actual agreement. Open your clause document in Word or create a new one by pasting a pre-existing clause from the clause library into a new blank document.