What is contracted discount in SAP SAP-LEGAL - Global Field Legal?

SAP Term: contracted discount

• Component: SAP-LEGAL

• Component Name: Global Field Legal

• Description: The amount of discount applied to Gross Spend Volume and the per-unit list prices in the Eligible Cloud Services List.

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• Key Concepts: 
  Contracted discount is a feature of SAP-LEGAL Global Field Legal Compliance that allows customers to receive discounts on their purchases when they enter into a contract with the supplier. The discount is applied to the purchase price of the goods or services and is based on the terms of the contract. 
  
  How to use it: 
  To use contracted discount, customers must first enter into a contract with the supplier. The contract should specify the terms of the discount, such as the amount of the discount and any conditions that must be met in order for the discount to be applied. Once the contract is in place, customers can then enter their purchase orders into SAP-LEGAL Global Field Legal Compliance and the contracted discount will be automatically applied to their purchases. 
  
  Tips & Tricks: 
  It is important to read through the terms of any contract carefully before signing it, as this will ensure that customers are aware of any conditions that must be met in order for them to receive the contracted discount. Additionally, customers should keep track of their contracts and make sure that they are up-to-date in order to ensure that they are receiving all applicable discounts. 
  
  Related Information: 
  For more information about contracted discounts, customers can refer to SAP-LEGAL Global Field Legal Compliance’s help documentation or contact their supplier directly. Additionally, customers can consult with a legal professional if they have any questions about the terms of their contract or how to use contracted discounts.