What is contract in SAP IS-M-AM - Advertising Management?

SAP Term: contract

• Component: IS-M-AM

• Component Name: Advertising Management

• Description: Contract with a limited validity period that is used to grant advance discount on advertising services that are sold on a regular basis. This contract is negotiated betweeen a sales area and a media customer. It contains information on the validity period, the advertising service on which discount is to be granted, the validity range, involved business partners, target number to be sold, discount conditions and contract status.

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• Key Concepts: 
  A contract in SAP IS-M-AM Advertising Management is an agreement between two parties that outlines the terms and conditions of a particular transaction. It is used to define the rights and obligations of both parties involved in the transaction. The contract also includes details such as the duration of the agreement, payment terms, and any other relevant information. 
  
  How to use it: 
  In SAP IS-M-AM Advertising Management, contracts are created by entering the relevant information into the system. This includes details such as the duration of the agreement, payment terms, and any other relevant information. Once the contract is created, it can be used to track and manage all transactions related to the agreement. 
  
  Tips & Tricks: 
  When creating a contract in SAP IS-M-AM Advertising Management, it is important to ensure that all relevant information is included. This includes details such as payment terms, duration of the agreement, and any other relevant information. Additionally, it is important to review the contract regularly to ensure that all parties are adhering to its terms and conditions. 
  
  Related Information: 
  For more information on contracts in SAP IS-M-AM Advertising Management, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed tutorials on how to create and manage contracts in SAP IS-M-AM Advertising Management.