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

receiving party - Overview

• Component: SAP-LEGAL

• Component Name: Global Field Legal

• Description: A Party to this Agreement which is provided with confidential or proprietary information by the Disclosing Party.

receiving party - Details

• 
  Key Concepts: 
  A receiving party is a legal entity that is the recipient of a contract or agreement. In SAP-LEGAL Global Field Legal, a receiving party is an entity that is the recipient of a contract or agreement that has been created in the system. 
  
  How to use it: 
  In SAP-LEGAL Global Field Legal, a receiving party can be added to a contract or agreement by entering the legal entity’s name and address in the system. The receiving party will then be associated with the contract or agreement and will be able to view and access it. 
  
  Tips & Tricks: 
  When adding a receiving party to a contract or agreement in SAP-LEGAL Global Field Legal, make sure to double-check the information entered for accuracy. This will ensure that the receiving party is correctly associated with the contract or agreement. 
  
  Related Information: 
  For more information on how to add a receiving party to a contract or agreement in SAP-LEGAL Global Field Legal, please refer to the user guide for the system.