What is intellectual property in SAP CRM-IM-IPM - Intellectual Property Management?

SAP Term: intellectual property

• Component: CRM-IM-IPM

• Component Name: Intellectual Property Management

• Description: Immaterial result of creative work. In many cases a media company purchases the IP rights to an intellectual property from an author or licensor, and exploits these rights through rights and product sales. A media company can perform the creative work and in doing so automatically acquires the utilization rights. This is an industry-neutral term that is often used as a synonym for "title".

Smart SAP Assistant

• Key Concepts: 
  Intellectual property (IP) is a term used to describe creations of the mind, such as inventions, literary and artistic works, designs, symbols, names, and images. It is protected by law in the form of patents, copyrights, trademarks, and trade secrets. SAP's CRM-IM-IPM Intellectual Property Management component helps organizations manage their IP assets and ensure compliance with applicable laws. 
  
  How to use it: 
  The CRM-IM-IPM Intellectual Property Management component provides a comprehensive set of tools for managing IP assets. It allows users to register and track IP assets, manage IP rights and licenses, and monitor IP compliance. It also provides tools for analyzing IP portfolios and identifying potential risks. 
  
  Tips & Tricks: 
  When using the CRM-IM-IPM Intellectual Property Management component, it is important to keep accurate records of all IP assets. This will help ensure that all IP rights are properly protected and that any potential risks are identified and addressed in a timely manner. 
  
  Related Information: 
  For more information on SAP's CRM-IM-IPM Intellectual Property Management component, please visit the SAP website at https://www.sap.com/products/crm-im-ipm.html.