What is legal contract hierarchy in SAP SRM-EBP-CON - Contract Management?

SAP Term: legal contract hierarchy

• Component: SRM-EBP-CON

• Component Name: Contract Management

• Description: A hierarchical structure of legal contracts

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• Key Concepts: 
  Legal contract hierarchy is a feature of SAP SRM-EBP-CON Contract Management that allows users to create and manage a hierarchical structure of contracts. This structure can be used to define relationships between different contracts, such as parent-child relationships, and to manage the associated data. 
  
  How to use it: 
  To use the legal contract hierarchy feature, users must first create a contract hierarchy in the system. This can be done by creating a parent contract and then adding child contracts to it. The parent contract will contain the main information about the agreement, while the child contracts will contain additional details. Once the hierarchy is created, users can then manage the associated data, such as pricing and terms, for each contract in the hierarchy. 
  
  Tips & Tricks: 
  When creating a legal contract hierarchy, it is important to ensure that all of the contracts in the hierarchy are linked correctly. This will ensure that all of the associated data is managed correctly and that any changes made to one contract are reflected in all of the other contracts in the hierarchy. 
  
  Related Information: 
  For more information on legal contract hierarchies in SAP SRM-EBP-CON Contract Management, please refer to SAP's official documentation on the topic.