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

SAP Term: license agreement

• Component: CRM-IM-IPM

• Component Name: Intellectual Property Management

• Description: A contractual agreement, which typically covers several films, for the exhibition of program material in which a distributor licensor grants a broadcaster licensee the right to telecast either a specified number or an unlimited number of showings over a maximum period of time license period for a specific fee. Ordinarily the fee is paid in installments over a period generally shorter than the license period. The licensee pays the required fee whether or not the rights are exercised. If the licensee does not exercise the contractual rights, the rights revert to the licensor with no refund to the licensee. The license period generally is not intended to provide continued use of the film throughout that period but rather to define a reasonable period of time within which the licensee can exercise the limited rights to use the film.

Smart SAP Assistant

• Key Concepts: 
  A license agreement is a contract between two parties, in this case SAP and the customer, that outlines the terms and conditions of the use of a particular software product. In the case of CRM-IM-IPM Intellectual Property Management, the license agreement defines the rights and obligations of both parties in regards to the use of the software. 
  
  How to Use It: 
  The license agreement should be read carefully before using the software. It outlines the terms and conditions of use, such as how long the license is valid for, what type of support is provided, and any restrictions on use. It also outlines any fees or other costs associated with using the software. 
  
  Tips & Tricks: 
  It is important to read and understand the license agreement before using any software product. This will help ensure that you are aware of all of your rights and obligations when using the software. Additionally, it is important to keep a copy of the license agreement for your records in case there are any disputes or questions about its terms. 
  
  Related Information: 
  For more information about license agreements, please refer to SAP's official documentation on licensing agreements. Additionally, you can contact SAP's customer service team for more information or assistance with understanding or interpreting your license agreement.