What is business partner in SAP SAP-LEGAL - Global Field Legal?

SAP Term: business partner

• Component: SAP-LEGAL

• Component Name: Global Field Legal

• Description: A legal entity that requires use of a Cloud Service, a Software, or both, in connection with Customer’s and its Affiliates’ internal business operations.

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• Key Concepts: 
  A business partner is a term used in SAP-LEGAL Global Field Legal to refer to any individual or organization that has a contractual relationship with a company. This includes customers, suppliers, vendors, and other entities that have a business relationship with the company. 
  
  How to Use It: 
  In SAP-LEGAL Global Field Legal, business partners are used to store information about the contractual relationships between the company and its customers, suppliers, vendors, and other entities. This information can be used to track the status of contracts, manage payments, and ensure compliance with legal requirements. 
  
  Tips & Tricks: 
  When creating a business partner in SAP-LEGAL Global Field Legal, it is important to ensure that all relevant information is included. This includes contact information, payment terms, and any other relevant details. Additionally, it is important to keep the business partner up-to-date with any changes in the contractual relationship. 
  
  Related Information: 
  For more information on how to use business partners in SAP-LEGAL Global Field Legal, please refer to the official documentation provided by SAP. Additionally, there are many online resources available that provide tips and tricks for using business partners in SAP-LEGAL Global Field Legal.