What is 'effective date' in SAP SAP-LEGAL - Global Field Legal?

effective date - Overview

• Component: SAP-LEGAL

• Component Name: Global Field Legal

• Description: The date on which an agreement comes into force.

effective date - Details

• 
  Key Concepts: 
  Effective date is a term used in SAP-LEGAL Global Field Legal Compliance to refer to the date on which a document or agreement becomes legally binding. It is the date that the document or agreement is signed, or the date that it is entered into the system. 
  
  How to use it: 
  In SAP-LEGAL Global Field Legal Compliance, effective date is used to determine when a document or agreement becomes legally binding. It is important to ensure that the effective date is accurate and up-to-date in order to ensure that all documents and agreements are legally binding. 
  
  Tips & Tricks: 
  When entering an effective date into SAP-LEGAL Global Field Legal Compliance, it is important to double check that the date is correct. This will help ensure that all documents and agreements are legally binding. 
  
  Related Information: 
  The effective date is an important concept in contract law and should be taken into consideration when entering documents and agreements into SAP-LEGAL Global Field Legal Compliance. It is also important to understand other concepts related to contract law, such as consideration, capacity, and legality.