What is wind down in SAP SAP-LEGAL - Global Field Legal?

SAP Term: wind down

• Component: SAP-LEGAL

• Component Name: Global Field Legal

• Description: If an agreement between a Provider to third parties and SAP is terminated, Provider shall be entitled to continue providing Authorized Services to Customers for the remaining duration of the respective Order Form Term up to the Licensed Level licensed under such Order Form and allocate unused Software to Customers in accordance with Section 8.4 below for such purpose “Wind-Down”.

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• Key Concepts: 
  Wind down is a term used in SAP-LEGAL Global Field Legal to describe the process of ending a contract or agreement. It involves the termination of all activities related to the contract, including the transfer of any remaining assets and liabilities. 
  
  How to use it: 
  When winding down a contract, it is important to ensure that all parties involved are aware of the process and that all necessary steps are taken. This includes notifying all relevant stakeholders, transferring any remaining assets and liabilities, and ensuring that all contractual obligations are met. 
  
  Tips & Tricks: 
  When winding down a contract, it is important to document all steps taken in order to ensure that the process is completed correctly. Additionally, it is important to ensure that all parties involved are aware of the process and that any remaining assets and liabilities are transferred in a timely manner. 
  
  Related Information: 
  For more information on wind down in SAP-LEGAL Global Field Legal, please refer to the official SAP documentation. Additionally, there are many online resources available which provide further information on this topic.