What is condition contract in SAP IS-R - SAP for Retail?

SAP Term: condition contract

• Component: IS-R

• Component Name: SAP for Retail

• Description: Retail A document used to record conditions that a partner usually a vendor grants to a limited group of eligible partners usually customers.

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• Key Concepts: 
  Condition contracts are agreements between a vendor and a customer in SAP for Retail that define the terms of a sale. They are used to set up pricing, discounts, and payment terms for goods and services. The condition contract is created in the system and stored in the database. 
  
  How to use it: 
  Condition contracts can be created in SAP for Retail by entering the customer information, the item information, and the pricing information. Once the contract is created, it can be used to generate sales orders or invoices. The condition contract can also be used to track discounts and payment terms for customers. 
  
  Tips & Tricks: 
  When creating a condition contract, it is important to ensure that all of the information is accurate and up-to-date. This will help ensure that the customer receives the correct pricing and discounts. It is also important to review the condition contract regularly to ensure that it is still valid and up-to-date. 
  
  Related Information: 
  For more information on condition contracts in SAP for Retail, please refer to the SAP Help Portal or contact your local SAP representative.