What is condition in SAP SRM-EBP-CON - Contract Management?

SAP Term: condition

• Component: SRM-EBP-CON

• Component Name: Contract Management

• Description: Attribute used in conditional expressions which, when evaluated, performs specified actions in questionnaires and contracts. Conditions add questions to all questionnaires; they add clauses to, or remove clauses from, all contracts. Conditions can have the following statuses: Active Inactive Archived Conditions are created, or uploaded via xml, and applied to all questionnaires system-wide by the contract administrator.

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• Key Concepts: 
  Condition is a term used in SAP SRM-EBP-CON Contract Management to refer to a set of criteria that must be met in order for a contract to be valid. Conditions can include pricing, delivery terms, payment terms, and other contractual obligations. 
  
  How to use it: 
  When creating a contract in SAP SRM-EBP-CON Contract Management, users must define the conditions that must be met in order for the contract to be valid. This includes setting pricing, delivery terms, payment terms, and other contractual obligations. Once the conditions are set, they must be agreed upon by both parties before the contract can be finalized. 
  
  Tips & Tricks: 
  When setting conditions for a contract, it is important to ensure that all parties involved understand the terms and agree to them. It is also important to review the conditions regularly to ensure that they are still applicable and up-to-date. 
  
  Related Information: 
  SAP SRM-EBP-CON Contract Management also allows users to create templates for contracts with pre-defined conditions. This can help streamline the process of creating contracts and ensure that all parties involved understand the terms of the agreement.