What is party in SAP SAP-LEGAL - Global Field Legal?

SAP Term: party

• Component: SAP-LEGAL

• Component Name: Global Field Legal

• Description: A legal person or entity having rights and obligations under an agreement.

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• Key Concepts: 
  Party is a term used in SAP-LEGAL Global Field Legal Compliance to refer to any individual or organization that has a legal relationship with the company. This includes customers, suppliers, employees, and other stakeholders. 
  
  How to use it: 
  In SAP-LEGAL Global Field Legal Compliance, parties are used to track and manage legal relationships between the company and its stakeholders. This includes tracking customer orders, supplier contracts, employee records, and other legal documents. 
  
  Tips & Tricks: 
  When creating a new party in SAP-LEGAL Global Field Legal Compliance, make sure to include all relevant information such as contact details, legal documents, and any other relevant information. This will help ensure that all legal relationships are properly managed and tracked. 
  
  Related Information: 
  For more information on SAP-LEGAL Global Field Legal Compliance, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed tutorials on how to use this software.