What is contract section in SAP LOD-ESO - Sourcing OnDemand?

SAP Term: contract section

• Component: LOD-ESO

• Component Name: Sourcing OnDemand

• Description: A logical grouping of one or more contract clauses. Sections are organized in contract document templates which are then used to create contract documents.

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• Key Concepts: 
  Contract Section is a feature of SAP LOD-ESO Sourcing OnDemand that allows users to create and manage contracts. It enables users to define the terms and conditions of a contract, such as pricing, payment terms, delivery dates, and more. It also allows users to track the progress of a contract and view its status. 
  
  How to use it: 
  To use the Contract Section feature, users must first create a contract. This can be done by selecting the “Create Contract” option from the main menu. Once the contract is created, users can then add details such as pricing, payment terms, delivery dates, and more. Once all the details are entered, users can then save the contract and track its progress. 
  
  Tips & Tricks: 
  When creating a contract, it is important to ensure that all details are accurate and up-to-date. This will help ensure that the contract is valid and enforceable. Additionally, it is important to review the contract regularly to ensure that all terms and conditions are still applicable. 
  
  Related Information: 
  For more information on SAP LOD-ESO Sourcing OnDemand and its Contract Section feature, please visit the official SAP website at https://www.sap.com/products/sourcing-ondemand.html