CAMARC CONTRACT GLOSSARY
Short, practical definitions for legal, procurement, operations, and real estate teams working with contracts, each linked to a deeper CAMARC guide on the same topic.
PROCUREMENT
The procurement process from need to supplier performance, and how it connects to contracts.
CONTRACT
The legal definition of a contract, required elements, common types, and what happens on breach.
AGREEMENT VS. CONTRACT
What makes an agreement legally enforceable, and why the distinction matters in business.
NDA
What a non-disclosure agreement covers, its main types and key clauses, and how CLM keeps NDAs organized.
NDA
A quick definition of the NDA abbreviation, common usage, and how it relates to confidentiality agreements.
INDEMNITY
How indemnification clauses work, common clause types, and what to check before agreeing to one.
INDEMNIFICATION
How the indemnification process works, what clauses should spell out, and how it differs from indemnity.
INDEMNIFICATION
A quick definition plus what indemnify, indemnitor, indemnitee, and hold harmless each mean.
LETTER OF INTENT
What an LOI covers, which parts are actually binding, and how LOIs work in real estate deals.
PROCUREMENT
A quick definition plus how procurement differs from purchasing, sourcing, and supply chain.
NDA
Why both labels exist, whether there's a real difference, and what to compare instead of the title.
MORE TERMS IN PROGRESS
Additional definitions are being added on a regular schedule. Until a dedicated term page is live, the related guides below cover the same concepts in more depth.
These existing guides cover concepts closely related to procurement and contract terminology in more depth than a glossary entry:
How to manage supplier agreements after signature.
How procurement and CLM work together end to end.
Tracking commitments and deadlines after a contract is signed.
Identifying and managing risk terms like liability and indemnity.
A vendor-neutral framework for comparing CLM platforms.
Browse the full CAMARC contract management article library.
