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Component: LCM
Component Name: Legal Content Management
Description: A preapproved clause that is defined in a template. It is the default clause in a legal document.
Key Concepts: Standard clause is a feature of SAP's Legal Content Management (LCM) component. It is a predefined clause that can be used in contracts and other legal documents. It contains language that is commonly used in legal documents and can be easily inserted into a document with minimal effort. How to use it: Standard clauses can be accessed through the LCM component of SAP. Once the clause is selected, it can be inserted into the document with a few clicks. The clause can then be edited to fit the specific needs of the document. Tips & Tricks: When using standard clauses, it is important to make sure that the language used is appropriate for the document. It is also important to make sure that any changes made to the clause are accurate and legally binding. Related Information: For more information on SAP's LCM component, please visit https://www.sap.com/products/legal-content-management.html