Conditional Contract In Sap

State:
Multi-State
Control #:
US-02965BG
Format:
Word; 
Rich Text
Instant download

Description

The Conditional Contract in SAP is a document that outlines the terms of a conditional sale between a buyer and a seller. This form is essential for managing the sale of goods where ownership remains with the seller until the buyer fulfills payment obligations. Key features include specifying the sale price, sales tax, and various charges, as well as detailing the payment structure, such as monthly installments and interest rates. Filling instructions emphasize the importance of accurately entering buyer and seller details, payment amounts, and timelines. The contract also mandates that the buyer maintain insurance on the goods with the seller designated as the loss payee. Utility for the target audience includes providing a structured framework for attorneys, partners, owners, associates, paralegals, and legal assistants to protect their interests in conditional sales transactions. Specific use cases include financing arrangements where the buyer requires goods but cannot pay upfront, and cases where sellers aim to mitigate risk by retaining ownership until full payment is received. Overall, this form is a vital tool in facilitating secure and legally compliant transactions.
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FAQ

In the settlement calendar, you schedule the different types of settlements such as partial or final settlement. For a settlement run, you specify the settlement date and optionally an execution date. You can also differentiate between two kinds of settlements, planned and unplanned condition contract settlement.

The condition contract management solution revolves around the condition contract document. In this document, you can manage conditions, specify administrative data, define the criteria for business volume selection, specify eligible partners, and maintain settlement calendar information.

The condition contract forms the basis for settling claims or rebates from suppliers or payables to customers. Furthermore, you can use the contract to handle pricing conditions only for your order-to-cash or procure-to-pay process.

Definition. The condition contract is a document that you use to enter conditions that refer to one or more suppliers or customers, no business partner, or one or more materials. You do not have to specify eligible partners or be restricted to single customers or customer groups.

Structure of a Condition Contract Business Volume Selection Criteria. The condition contract type defines the data source for settlement, for example, billing documents for sales rebate condition contracts. ... Settlement Data. ... Settlement Calendar. ... Conditions.

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Conditional Contract In Sap