What is associated company in SAP SAP-LEGAL - Global Field Legal?

SAP Term: associated company

• Component: SAP-LEGAL

• Component Name: Global Field Legal

• Description: Any legal entity of which a person or company has direct or indirect Control and only as long as a person or company maintains direct or indirect Control.

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• Key Concepts: 
  Associated company is a term used in SAP-LEGAL Global Field Legal Compliance to refer to a company that is related to another company in some way. This could be through ownership, control, or other forms of affiliation. It is important to note that associated companies are not necessarily subsidiaries of the parent company. 
  
  How to use it: 
  In SAP-LEGAL Global Field Legal Compliance, associated companies are used to identify and track relationships between companies. This information can be used to ensure compliance with legal requirements and regulations. Additionally, associated companies can be used to identify potential business opportunities and risks. 
  
  Tips & Tricks: 
  When entering associated companies into SAP-LEGAL Global Field Legal Compliance, it is important to ensure that all relevant information is included. This includes the name of the associated company, the type of relationship (e.g., ownership, control, etc.), and any other relevant details. 
  
  Related Information: 
  For more information on associated companies in SAP-LEGAL Global Field Legal Compliance, please refer to the official documentation provided by SAP. Additionally, there are many online resources available that provide additional information on this topic.