What is master agreement in SAP IS-U-BI - Contract Billing?

SAP Term: master agreement

• Component: IS-U-BI

• Component Name: Contract Billing

• Description: Contains all individual contracts that are to be billed together.

Smart SAP Assistant

• 
  Key Concepts: 
  A master agreement is a contract between a customer and a vendor in the SAP IS-U-BI Contract Billing component. It is used to define the terms and conditions of the relationship between the two parties, such as payment terms, discounts, and other conditions. The master agreement also serves as a template for creating individual contracts with customers. 
  
  How to use it: 
  In SAP IS-U-BI Contract Billing, a master agreement is created by entering the customer’s details, such as name, address, and contact information. The agreement can then be customized to include payment terms, discounts, and other conditions. Once the master agreement is created, individual contracts can be created based on the master agreement. 
  
  Tips & Tricks: 
  When creating a master agreement in SAP IS-U-BI Contract Billing, it is important to ensure that all of the details are accurate and up-to-date. This will help ensure that all contracts created from the master agreement are valid and legally binding. 
  
  Related Information: 
  For more information on creating master agreements in SAP IS-U-BI Contract Billing, please refer to the official SAP documentation.