What is obligation in SAP LCM - Legal Content Management?

SAP Term: obligation

• Component: LCM

• Component Name: Legal Content Management

• Description: Requirement or legal bond which must be fulfilled by one or more parties

Smart SAP Assistant

• Key Concepts: 
  Obligation is a term used in SAP Legal Content Management (LCM) to refer to a legal requirement or duty that must be fulfilled. It is typically associated with a specific legal document, such as a contract, and can be used to track the progress of the document's completion. 
  
  How to use it: 
  In SAP LCM, obligations are created and managed in the Obligation Manager. This tool allows users to create and assign obligations to specific documents, as well as track their progress. Obligations can also be assigned to specific users or groups of users, allowing for better collaboration and accountability. 
  
  Tips & Tricks: 
  When creating obligations in SAP LCM, it is important to ensure that they are clear and concise. This will help ensure that all parties involved understand the requirements of the obligation and can work together to fulfill it. Additionally, it is important to assign deadlines for each obligation so that progress can be tracked and monitored. 
  
  Related Information: 
  For more information on SAP LCM and its Obligation Manager, please refer to the official SAP documentation. Additionally, there are many online resources available that provide tutorials and best practices for using SAP LCM.