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

SAP Term: Intellectual Property Management

• Component: CRM-IM-IPM

• Component Name: Intellectual Property Management

• Description: SAP solution whose functions cover the entire value creation chain for an Intellectual Property. This includes the acqusition and creation of Intellectual Property, the development of new media products, the sale of licenses and rights through to management of license revenues and royalties. IPM also contains functions that can be used to maintain business relationships between rights holders, licensors and licensees, actors and authors of Intellectual Property.

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• Key Concepts: 
  Intellectual Property Management (IPM) is a component of the SAP Customer Relationship Management (CRM) suite. It enables organizations to manage their intellectual property (IP) assets, such as patents, trademarks, copyrights, and trade secrets. IPM provides a comprehensive set of tools to help organizations protect their IP assets and maximize their value.
  
  How to use it: 
  IPM can be used to manage the entire lifecycle of an IP asset, from initial registration to renewal and enforcement. It provides a centralized repository for storing and managing IP information, including details about the asset, its owners, and its status. IPM also provides tools for tracking IP-related activities, such as filing applications and monitoring infringement cases.
  
  Tips & Tricks: 
  When using IPM, it is important to keep track of all changes made to an IP asset. This will help ensure that the asset is properly protected and that any changes are properly documented. Additionally, it is important to regularly review the status of an IP asset to ensure that it is up-to-date and in compliance with applicable laws and regulations.
  
  Related Information: 
  For more information about Intellectual Property Management in SAP CRM, please visit the SAP Help Portal at https://help.sap.com/viewer/product/CRM_IPM/7.0/en-US.