What is two-sided trading contract in SAP LO-GT - Global Trade Management?

SAP Term: two-sided trading contract

• Component: LO-GT

• Component Name: Global Trade Management

• Description: A type of the central document in , the trading contract, that is used for capturing and processing both sales and purchasing data in a single document.

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• Key Concepts: 
  A two-sided trading contract is a type of contract used in SAP's Global Trade Management (LO-GT) module. It is a contract between two parties, usually a buyer and a seller, that outlines the terms of the transaction. This includes the goods or services to be exchanged, the price, payment terms, delivery terms, and any other relevant details. 
  
  How to use it: 
  In SAP's Global Trade Management module, two-sided trading contracts are used to manage the exchange of goods and services between two parties. The contract is created in the system and can be used to track the progress of the transaction. It can also be used to generate invoices and other documents related to the transaction. 
  
  Tips & Tricks: 
  When creating a two-sided trading contract in SAP's Global Trade Management module, it is important to ensure that all relevant details are included in the contract. This includes the goods or services to be exchanged, the price, payment terms, delivery terms, and any other relevant details. This will help ensure that both parties are aware of their obligations and that all aspects of the transaction are properly managed. 
  
  Related Information: 
  SAP's Global Trade Management module also includes features such as trade compliance management, export control management, and customs management. These features can be used in conjunction with two-sided trading contracts to ensure that all aspects of international trade are managed properly.