Risk Policy Applicability
Understanding Risk Policy Applicability in ThoughtRiver
Policy is ThoughtRiver’s implementation of a risk playbook. You can navigate here via Settings (the cog-like icon on the top right-hand corner). When you click on ‘Policies’, you will be able to see which risk policies are set up for each Review Stream.
By clicking on the relevant policy, you can check the Applicability Rules.
Generally, applicability should be set to the relevant review stream. For example, the Review Stream for an NDA policy should apply only to Non-Disclosure Agreements as opposed to All Review Streams. This is because policies for review streams can vary in regards to their content; thus, it is important to specify the correct Review Stream for a Policy.
Contract Types and Subtypes should generally be set to All. This is because you would want the policy to extend to all contract types within a review stream as opposed to a particular contract.
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