What is contractee in SAP CRM-BTX - Business Transactions?

SAP Term: contractee

• Component: CRM-BTX

• Component Name: Business Transactions

• Description: The contract party that benefits from the contract. In the sales scenario, the contractee is the party that receives goods or services, whereas in the procurement scenario, the contractee is the party that supplies goods or renders services and receives money. &EXAMPLE& In Telecommunications, the contractee could also be called subscriber.

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• Key Concepts: 
  A contractee is a person or organization that is a party to a contract in SAP CRM-BTX Business Transactions. The contractee is the entity that is legally bound to fulfill the terms of the contract. 
  
  How to use it: 
  In SAP CRM-BTX Business Transactions, the contractee is the entity that is responsible for fulfilling the terms of the contract. The contractee can be either an individual or an organization. The contractee must be specified in order for the contract to be valid. 
  
  Tips & Tricks: 
  When creating a contract in SAP CRM-BTX Business Transactions, make sure to specify the correct contractee. This will ensure that the contract is legally binding and enforceable. 
  
  Related Information: 
  The contractee is one of several parties involved in a contract in SAP CRM-BTX Business Transactions. Other parties include the contracting party, which is the entity that initiates and signs the contract, and any third parties that are involved in the agreement.