A standard clause is the legal or business language used to author a contract. Clauses are drafted based on both business and statutory requirements.
A standard clause is a clause defined in the Library.
You can create and modify standard clauses in the Library.
In order to make standard clauses available to be used in business documents, you must perform the following steps:
Add the clauses to a contract template.
You can either approve clauses before adding them to the contract template, or you can leave the clauses in draft form. Prior to approval, the contract template can contain both approved and draft clauses.
Approve the contract template.
Apply the contract template to a business document.
After you apply the contract template to a business document, all the clauses in the contract template automatically become standard clauses in the business document.
Unless protected, the text of a standard clause in the business document can be changed, at which point the clause becomes a non-standard clause.
Non-standard clauses exist only in business documents, not in contract templates.
A non-standard clause is a clause that you create to add in directly into the business document, or a standard clause that you edit and make non-standard.