Sales Agreement Usage
On the Respect tab in the information register Line details on the sales agreements page display quantities and settlement amounts. Unlike oral contracts, which are enforceable only in certain circumstances, sales contracts clearly describe contractual obligations and rights and the economic consequences of an agreement. Simply put, this document helps to ensure that the transaction is acceptable to both parties on the basis of agreed terms, so that you can protect your interests. A sales contract provides legal protection for the buyer and seller if one of the parties does not keep its promises when they have promised it. In another example, a GSB is often required in a transaction in which one company buys another. Because the G.S.O. defines the exact nature of what is purchased and sold, the agreement may allow a company to sell its tangible assets to a buyer without selling the naming rights attached to the transaction. If more specific risks are identified during due diligence, they are likely to be covered by appropriate compensation in the sales contract. that the seller promises to reimburse the buyer a book base for compensation liability. If you do not directly unlock orders for a sales contract, you can continue to link a sales contract to an order during the acquisition process. When you create a new contract and choose a sales contract, the terms and conditions of this contract, such. B that the terms of payment, the terms of delivery and the delivery address, will be applied to the head of order and the link between the agreement and the contract will be established. If you can then choose in the ordering positions of the products and categories listed in the sales contract, the prices and discounts of this agreement are copied.
The same order may contain both positions that are not related to a sales contract and positions that have a commitment to a sales contract. In the “Execution” section, you can view the total amounts and amounts for all command items related to the stated sales contract.