What is contract term in SAP SAP-LEGAL - Global Field Legal?

SAP Term: contract term

• Component: SAP-LEGAL

• Component Name: Global Field Legal

• Description: The length of time the Contract shall remain in effect period of time defined by a start date and an end date.

Smart SAP Assistant

• Key Concepts: 
  Contract term is a feature of the SAP-LEGAL Global Field Legal component that allows users to create, manage, and store contracts and other legal documents. It provides a central repository for all legal documents, allowing users to easily access and review them. It also allows users to track changes to documents over time, ensuring that all versions are up-to-date.
  
  How to use it: 
  Contract term can be accessed through the SAP-LEGAL Global Field Legal component. Once in the component, users can create new contracts or edit existing ones. They can also store and manage documents in the repository, as well as track changes over time.
  
  Tips & Tricks: 
  When creating or editing contracts, it is important to ensure that all relevant information is included. This includes any applicable laws or regulations, as well as any specific terms or conditions that may apply. Additionally, it is important to review all documents regularly to ensure that they are up-to-date and accurate.
  
  Related Information: 
  For more information on the SAP-LEGAL Global Field Legal component, please visit the SAP website at https://www.sap.com/products/legal-global-field-legal.html. Additionally, there are many resources available online that provide more detailed information on contract terms and other legal topics.