No matter the size of your organization, or the industry it's in, contracts are essential documents that legally bind and govern all your business transactions. Zoho Contracts provides industry-standard, time-tested contract templates and clause language that significantly accelerate your contract lifecycle.
A contract template is a collection of standard clauses tailored to a specific use case or contract type. Pre-approved contract templates allow all users (even those without a legal background) to fill in relevant information quickly, tweak specific clauses to suit the counterparty or engagement, and roll the contract out for swift execution.
A clause library is a repository of standard and custom clauses with pre-approved languages you can insert into a contract template. The clause library accelerates the process of building custom contract templates. It also ensures quick reusability and supports scalability.
Whether you're a sales manager putting together NDAs and MSAs or a recruitment manager drawing up employment contracts, you'll probably find that contract authoring and customization takes more time than it should. This is especially true when your contracts are highly standardized. Zoho Contracts's extensive clause library and contract templates make contract curation and customization a breeze!
Our approach to contract templatization has reusability and scalability at its core. This approach can transform the way contracts are curated and repurposed at your organization.
In Zoho Contracts, based on their purpose, contracts are classified into contract types like non-disclosure agreements or product sales agreements. Each contract type defines the primary attributes of a contract and has an associated contract template. These attributes include the contract intent, category, and approval workflow. We currently have 14 built-in contract types with predefined contract templates. You can also create new contract types and build custom contract templates from scratch or by uploading a Word document.
Zoho Contracts uses clauses as building blocks to help you customize existing contract templates and also author new contracts without a template. This method ensures critical information is stored and can be contextually considered for all relevant future contracts. Our clause-based reports also provide insights into clauses used across all your contracts.
Custom clauses with a standard language and multiple alternative languages can be created and used to build custom contract templates. The standard and alternative language classifications enable contract authors to choose the right language based on the context. Standardized clause languages will reduce the cycle time during the contract approval stage.
The clause-based reports in Zoho Contracts provide admins with insights to frequently used clauses and clause types. They can also view all contracts containing a specific clause or a clause type within the Reports module. These reports come in handy for admins who need a quick impact study when introducing organizational policy changes that impact the languages in their existing contracts.
Zoho Contracts has predefined letter templates for amendment, renewal, extension, and termination. You can also customize these templates. Letter templates are automatically generated, eliminating the need for manual intervention. The WHEREAS clause in the letter captures the contract history and the NOW THEREFORE clause identifies and displays the current changes made to the contract terms and the term periods.
