Glossary
Contract terms, in plain English.
Short, honest definitions of the clauses that decide who carries the risk — what each term means, why it matters, and, uniquely, what to ask for instead. Written for freelancers and small businesses, not lawyers.
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Indemnification
Indemnification means one party promises to cover the other's losses in defined situations. The one-way trap, and what to ask for instead.
Read definitionLimitation of Liability
A limitation of liability clause caps what a party can owe if things go wrong. Why the cap's size and symmetry matter, and what to ask for.
Read definitionAuto-Renewal Clause
An auto-renewal (evergreen) clause extends a contract for a new term unless you cancel inside a notice window. How the trap works and the fix to ask for.
Read definitionTermination for Convenience
Termination for convenience lets a party end a contract without cause. Why the one-way version hurts, and the kill-fee fix to ask for.
Read definitionNet 30
Net 30 means payment is due 30 days after the invoice. What net 60/90 does to your cash flow, and the deposit + late-interest terms to ask for.
Read definitionAll terms (A–Z)
67 terms
Terms starting with A
- Affiliate LicenseIntellectual property
- Amendment ClauseBoilerplate
- Anti-Assignment ClauseBoilerplate
- Arbitration ClauseDisputes
- Audit Rights ClausePayment
- Auto-Renewal ClauseTerm
Terms starting with B
- Background IPIntellectual property
Terms starting with C
- Carve-OutRestrictions
- Change of Control ClauseTermination
- Confidentiality ClauseConfidentiality
- Contract Expiration DateTerm
- Contract reviewScope
- Counterparts ClauseBoilerplate
- Covenant Not to SueDisputes
Terms starting with D
- Deemed AcceptancePayment
Terms starting with E
- Effective DateTerm
- Entire Agreement ClauseBoilerplate
- Exclusivity ClauseRestrictions
Terms starting with F
- Fixed-Term ContractTerm
- Force MajeureExclusions
Terms starting with G
- Governing LawDisputes
Terms starting with H
- Hold-Harmless ClauseLiability
Terms starting with I
- IndemnificationLiability
- Insurance ClauseLiability
- IP AssignmentIntellectual property
Terms starting with J
- Joint and Several LiabilityLiability
- Joint IP OwnershipIntellectual property
- Jury Trial WaiverDisputes
Terms starting with K
- Kill FeePayment
Terms starting with L
- License GrantIntellectual property
- Limitation of LiabilityLiability
- Liquidated DamagesLiability
Terms starting with M
- Minimum Purchase CommitmentPayment
- Most Favored Nation ClausePayment
- Mutual NDAConfidentiality
Terms starting with N
- Net 30Payment
- No-Waiver ClauseBoilerplate
- Non-CompeteRestrictions
- Non-Disparagement ClauseRestrictions
- Non-Renewal Notice PeriodTerm
- Non-SolicitationRestrictions
- Non-Transferable LicenseIntellectual property
- Notice ClauseBoilerplate
Terms starting with P
- Parties to a ContractBoilerplate
- Penalty ClauseDisputes
- Perpetual LicenseIntellectual property
- Personal GuaranteeLiability
- Post-Termination ObligationsTermination
- Price RestrictionPayment
Terms starting with R
- Release ClauseDisputes
- Representations and WarrantiesLiability
- Revenue Sharing ClausePayment
- Right of First RefusalRestrictions
Terms starting with S
- Scope CreepScope
- Scope of WorkScope
- SeverabilityBoilerplate
- Source Code EscrowIntellectual property
- Specific PerformanceDisputes
- Survival ClauseTerm
Terms starting with T
- Termination for ConvenienceTermination
- Third-Party BeneficiaryBoilerplate
Terms starting with U
- Uncapped LiabilityLiability
- Unilateral NDAConfidentiality
Terms starting with V
- Venue ClauseDisputes
- Volume RestrictionPayment
Terms starting with W
- Warranty PeriodLiability
- Work for HireIntellectual property
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