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

SAP Term: holdback right

• Component: CRM-IM-IPM

• Component Name: Intellectual Property Management

• Description: Right that is not granted to the licensee, but for which this licensee receives an assurance that it will not be granted to any other licensee for a defined period.

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• Key Concepts: 
  A holdback right is a contractual right that allows a party to withhold payment of a certain amount of money until certain conditions are met. In the context of SAP CRM-IM-IPM Intellectual Property Management, a holdback right is used to protect the intellectual property rights of the licensor. The licensor can use the holdback right to ensure that the licensee complies with the terms of the license agreement and does not infringe upon the licensor's intellectual property rights.
  
  How to use it: 
  In order to use a holdback right, the licensor must first define the conditions under which the holdback right will be enforced. These conditions can include, but are not limited to, compliance with the terms of the license agreement, payment of royalties, and protection of intellectual property rights. Once these conditions have been defined, the licensor can then set up a holdback right in SAP CRM-IM-IPM Intellectual Property Management. This will allow the licensor to withhold payment until all conditions have been met.
  
  Tips & Tricks: 
  When setting up a holdback right in SAP CRM-IM-IPM Intellectual Property Management, it is important to ensure that all conditions are clearly defined and that they are enforceable. Additionally, it is important to ensure that all parties involved in the transaction are aware of and agree to the terms of the holdback right. This will help ensure that all parties understand their obligations and that any disputes can be resolved quickly and efficiently.
  
  Related Information: 
  For more information on SAP CRM-IM-IPM Intellectual Property Management and how to use a holdback right, please refer to SAP's official documentation on this topic. Additionally, there are many online resources available that provide detailed information on how to set up and use a holdback right in SAP CRM-IM-IPM Intellectual Property Management.