What is exclusive right in SAP CRM-IM-IPM - Intellectual Property Management?

SAP Term: exclusive right

• Component: CRM-IM-IPM

• Component Name: Intellectual Property Management

• Description: The granting to a store, a chain, a franchise or any home video outlet the right for it and it alone to carry a specific title or titles for a given period of time.

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• Key Concepts: 
  Exclusive right is a type of intellectual property right that grants the holder exclusive rights to use, reproduce, and distribute a certain product or service. It is a form of protection for intellectual property that is granted by the government. In SAP CRM-IM-IPM Intellectual Property Management, exclusive right is used to protect the intellectual property of an organization. 
  
  How to use it: 
  In SAP CRM-IM-IPM Intellectual Property Management, exclusive right can be used to protect the intellectual property of an organization. This can be done by registering the intellectual property with the relevant government body and obtaining an exclusive right certificate. The certificate will grant the holder exclusive rights to use, reproduce, and distribute the product or service. 
  
  Tips & Tricks: 
  When registering for an exclusive right certificate, it is important to ensure that all relevant information is provided accurately and completely. This will ensure that the certificate is valid and will provide maximum protection for the intellectual property. 
  
  Related Information: 
  In addition to registering for an exclusive right certificate, organizations should also consider other forms of protection for their intellectual property such as trademarks, copyrights, and patents. These forms of protection can provide additional protection for the organization’s intellectual property.