What is cancellation notice date in SAP CEC-SAL-SB - Subscription Management and Billing?

SAP Term: cancellation notice date

• Component: CEC-SAL-SB

• Component Name: Subscription Management and Billing

• Description: The legally relevant date and time for the cancellation notice. For example, this could be the date and time of receipt of notice.

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• Key Concepts: 
  Cancellation notice date is a term used in SAP CEC-SAL-SB Subscription Management and Billing. It is the date on which a customer's subscription is cancelled. This date is used to determine when the customer's subscription will end and when the customer will no longer be billed for the subscription. 
  
  How to use it: 
  The cancellation notice date is set by the customer when they cancel their subscription. This date can be changed at any time by the customer, but it must be set before the subscription can be cancelled. Once the cancellation notice date has been set, the customer's subscription will end on that date and they will no longer be billed for the subscription. 
  
  Tips & Tricks: 
  It is important to remember that the cancellation notice date must be set before a subscription can be cancelled. If the cancellation notice date is not set, then the customer's subscription will remain active and they will continue to be billed for it. 
  
  Related Information: 
  The cancellation notice date is related to other terms used in SAP CEC-SAL-SB Subscription Management and Billing such as renewal date, expiration date, and termination date. The renewal date is when a customer's subscription renews, while the expiration date is when a customer's subscription ends without being cancelled. The termination date is when a customer's subscription ends due to being cancelled.