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

SAP Term: material term

• Component: SAP-LEGAL

• Component Name: Global Field Legal

• Description: A term which, if breached, gives rise to specific remedies under a contract.

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• Key Concepts: 
  Material term is a term used in SAP-LEGAL Global Field Legal Compliance to refer to the physical materials used in the production of goods. This includes raw materials, components, and finished products. It also includes any packaging materials used in the production process. 
  
  How to use it: 
  In SAP-LEGAL Global Field Legal Compliance, material terms are used to identify the materials used in the production process. This information is then used to ensure that all materials meet legal requirements and are compliant with applicable regulations. 
  
  Tips & Tricks: 
  When entering material terms into SAP-LEGAL Global Field Legal Compliance, it is important to be as specific as possible. This will help ensure that all materials are properly identified and that any potential legal issues are addressed. 
  
  Related Information: 
  Material terms are closely related to other terms such as product terms, process terms, and service terms. These terms are all used to identify different aspects of the production process and ensure compliance with applicable regulations.