What is sales-side trading contract in SAP LO-GT - Global Trade Management?

SAP Term: sales-side trading contract

• Component: LO-GT

• Component Name: Global Trade Management

• Description:

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• Key Concepts: 
  A sales-side trading contract is a type of contract used in SAP's Global Trade Management (LO-GT) component. It is used to define the terms and conditions of a sales transaction between two parties, such as a buyer and seller. The contract includes details such as the price, delivery date, payment terms, and other relevant information.
  
  How to use it: 
  In order to create a sales-side trading contract in SAP's Global Trade Management component, you must first create a customer master record for the buyer and a vendor master record for the seller. Once these records are created, you can then create the contract by entering the relevant information into the system. You can also add additional details such as discounts or special terms and conditions. Once the contract is created, it can be used to track the progress of the transaction and ensure that all parties are adhering to the agreed upon terms.
  
  Tips & Tricks: 
  When creating a sales-side trading contract in SAP's Global Trade Management component, it is important to ensure that all of the information entered is accurate and up-to-date. This will help to ensure that all parties involved in the transaction are aware of their obligations and that any disputes can be quickly resolved. Additionally, it is important to review the contract periodically to ensure that it is still valid and up-to-date with any changes in regulations or market conditions.
  
  Related Information: 
  For more information on SAP's Global Trade Management component and how to create sales-side trading contracts, please refer to SAP's official documentation or contact your local SAP representative. Additionally, there are many online resources available that provide detailed tutorials on how to use this component.