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

SAP Term: residuals

• Component: SAP-LEGAL

• Component Name: Global Field Legal

• Description: Information in non-tangible form which may be retained in the unaided memory by persons who have had access to the Confidential Information so long as such persons have not studied the information for the purpose of replicating the same from memory.

Smart SAP Assistant

• Key Concepts: 
  Residuals are a type of payment that is made to a third party after a contract has been completed. This payment is usually made in the form of a lump sum or a series of payments over time. Residuals are typically used in the entertainment industry, such as for actors, writers, and directors. 
  
  How to use it: 
  In SAP-LEGAL Global Field Legal, residuals are managed through the Residuals module. This module allows users to track and manage residual payments for contracts that have been completed. It also allows users to set up payment schedules and track payments that have been made. 
  
  Tips & Tricks: 
  When setting up residual payments in SAP-LEGAL Global Field Legal, it is important to ensure that all payments are tracked accurately. This will help ensure that all parties involved in the contract receive their payments on time. Additionally, it is important to keep track of any changes to the payment schedule so that all parties are aware of any changes. 
  
  Related Information: 
  For more information on residuals and how they are managed in SAP-LEGAL Global Field Legal, please refer to the SAP Help Portal or contact your local SAP representative.