What is support initial term in SAP SAP-LEGAL - Global Field Legal?

SAP Term: support initial term

• Component: SAP-LEGAL

• Component Name: Global Field Legal

• Description: A period of time from the Effective Date to the following anniversary date.

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• Key Concepts: 
  Support Initial Term is a component of SAP-LEGAL Global Field Legal. It is a tool that helps organizations manage their legal obligations and contracts. It provides a comprehensive overview of the legal landscape, including the ability to track and monitor legal documents, manage compliance requirements, and create reports. 
  
  How to use it: 
  Support Initial Term can be used to manage legal documents, such as contracts, agreements, and other legal documents. It can also be used to track and monitor compliance requirements, such as those related to data privacy or labor laws. Additionally, it can be used to generate reports on legal matters, such as changes in regulations or new laws. 
  
  Tips & Tricks: 
  When using Support Initial Term, it is important to ensure that all documents are up-to-date and accurate. Additionally, it is important to regularly review the reports generated by the tool to ensure that any changes in regulations or laws are taken into account. 
  
  Related Information: 
  For more information on Support Initial Term, please visit the SAP website at https://www.sap.com/products/legal-global-field-legal.html. Additionally, there are many resources available online that provide more detailed information on how to use the tool and best practices for managing legal documents and compliance requirements.