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Words you'll see
Plain-English meanings for terms that come up in contracts and in the app.
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In contracts#
- Redline
- A marked-up version of a document showing exactly what someone wants to add or remove.
- Governing law
- Which country's or state's law decides what the contract means if there's a dispute.
- Indemnity
- A promise to cover someone else's losses if a specific thing goes wrong.
- IP assignment
- Transferring ownership of work, such as code, designs or docs, from the person who made it to someone else.
- Vesting
- Earning something gradually over time rather than all at once.
- Cliff
- A waiting period before any vesting starts. Leave before it ends and nothing vests.
- Conditions precedent
- Things that must happen before a deal completes or an obligation starts.
In the app#
- Tracked change
- A suggested insertion or deletion, shown in Word's review format, that you accept or reject.
- Tabular review
- Pulling the same facts, like fees or notice periods, from many documents into one table.
- Workflow
- A saved prompt for a common job, such as reviewing an NDA.
- Sign-in message
- A message your wallet signs to prove you control an address. It isn't a transaction and costs nothing.
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