What is contract expiration date in SAP SRD-SRM-SC - SRM-Sourcing and Contracting?

SAP Term: contract expiration date

• Component: SRD-SRM-SC

• Component Name: SRM-Sourcing and Contracting

• Description: A specified date and time that ends the validity period of a binding agreement.

Smart SAP Assistant

• Key Concepts: 
  Contract expiration date is a term used in SAP SRM-Sourcing and Contracting. It is the date on which a contract between two parties expires and is no longer valid. This date is set when the contract is created and can be changed at any time. 
  
  How to use it: 
  In SAP SRM-Sourcing and Contracting, the contract expiration date can be set when creating a new contract. This date can be changed at any time by editing the contract. The expiration date should be set to ensure that the contract is valid for the duration of the agreement between the two parties. 
  
  Tips & Tricks: 
  It is important to keep track of the expiration date of contracts in SAP SRM-Sourcing and Contracting. This will help ensure that contracts are not allowed to expire without being renewed or renegotiated. It is also important to ensure that all parties involved are aware of the expiration date so that they can take appropriate action before it expires. 
  
  Related Information: 
  The expiration date of a contract in SAP SRM-Sourcing and Contracting is related to other terms such as renewal dates, termination dates, and amendment dates. It is important to understand how these terms interact with each other in order to ensure that contracts are managed properly.