What is 'business day' in SAP SAP-LEGAL - Global Field Legal?

business day - Overview

• Component: SAP-LEGAL

• Component Name: Global Field Legal

• Description: Any days from Monday to Friday with the exception of the public holidays observed at Licensee location.

business day - Details

• 
  Key Concepts: 
  A business day is a day in which a company is open for business. It is typically defined as any day that is not a weekend or a public holiday. In SAP-LEGAL Global Field Legal Compliance, business days are used to define the time period for certain activities, such as payment deadlines or the duration of a contract. 
  How to Use It: 
  In SAP-LEGAL Global Field Legal Compliance, business days are used to define the time period for certain activities. For example, if a payment deadline is set for 10 business days, then the payment must be made within 10 days of the date specified, excluding weekends and public holidays. Similarly, if a contract has a duration of 30 business days, then it will last for 30 days from the start date, excluding weekends and public holidays. 
  
  Tips & Tricks: 
  When setting deadlines or defining the duration of contracts in SAP-LEGAL Global Field Legal Compliance, it is important to remember that only business days should be taken into account. This means that weekends and public holidays should be excluded when calculating the time period. 
  
  Related Information: 
  For more information about SAP-LEGAL Global Field Legal Compliance, please visit the official SAP website at https://www.sap.com/products/legal-compliance.html.