What is 'affiliate' in SAP SAP-LEGAL - Global Field Legal?

affiliate - Overview

• Component: SAP-LEGAL

• Component Name: Global Field Legal

• Description: A corporation controlled by another corporation.

affiliate - Details

• 
  Key Concepts: 
  An affiliate is a legal entity that is related to another legal entity through common ownership or control. In the context of SAP-LEGAL Global Field Legal, an affiliate is a legal entity that is related to another legal entity through common ownership or control, and is subject to the same laws and regulations as the other legal entity. 
  
  How to use it: 
  In SAP-LEGAL Global Field Legal, affiliates are used to identify and track relationships between different legal entities. This allows for better compliance with laws and regulations, as well as better management of risk. 
  
  Tips & Tricks: 
  When setting up affiliates in SAP-LEGAL Global Field Legal, it is important to ensure that all relevant information is included. This includes the name of the affiliate, its address, contact information, and any other relevant information. 
  
  Related Information: 
  For more information on affiliates in SAP-LEGAL Global Field Legal, please refer to the official documentation on the SAP website.