What is clause type in SAP LCM - Legal Content Management?

SAP Term: clause type

• Component: LCM

• Component Name: Legal Content Management

• Description: A classification that describes the subject matter of the clause. Clause types help identify the use for each clause, for example: preamble, termination, customer support, liability

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• Key Concepts: 
  Clause type is a feature of SAP's Legal Content Management (LCM) component. It is used to define the structure of a legal document, such as a contract or agreement. Clause types are used to categorize clauses into different sections, such as “Terms and Conditions” or “Payment Terms”. This helps to ensure that all relevant information is included in the document and that it is organized in a logical manner.
  
  How to use it: 
  When creating a legal document in SAP LCM, users can select from a list of predefined clause types. This list can be customized to meet the specific needs of the organization. Once the clause type has been selected, users can then add clauses to the document that correspond to that type. For example, if the clause type is “Payment Terms”, users can add clauses related to payment terms such as payment due dates and late fees.
  
  Tips & Tricks: 
  When creating clause types in SAP LCM, it is important to consider how they will be used in practice. For example, if a clause type is too broad or too specific, it may not be useful for organizing documents. It is also important to consider how clause types will interact with other features of SAP LCM, such as document templates and workflow processes.
  
  Related Information: 
  For more information on SAP LCM and its features, please refer to the official SAP documentation at https://help.sap.com/viewer/product/SAP_LEGAL_CONTENT_MANAGEMENT/latest/en-US.