Top Rated Solution for Vendor and Contract Lifecycle Management

G2 reviews, 4.5 stars Software Advice, 4.7 stars

“Before Gatekeeper, our contracts were everywhere and nowhere.”

Anastasiia Sergeeva, Legal Operations Manager, BlaBlaCar

“Gatekeeper is that friendly tap on the shoulder, to remind me what needs our attention.”

Donna Roccoforte, Paralegal, Hakkasan Group

“Great System. Vetted over 25 other systems and Gatekeeper rose to the top.”

Randall S. Wood, Associate Corporate Counsel, Cricut

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Gatekeeper Contract and Vendor Management Glossary

Search common contracting language and take a deeper dive to discover what each means

Liquidation

Liquidation often occurs as a result of Insolvency, the formal dissolution of a business by the sale or transfer of its assets to pay a debt.

Insolvency means the business cannot  pay its obligations when they are due, so when Liquidation occurs any money left is used to pay shareholders. 

Alternatively, a solvent business can be liquidated if it no longer wishes to continue trading.