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

SAP Term: licensee

• Component: CRM-IM-IPM

• Component Name: Intellectual Property Management

• Description: A party to whom the rights to an intellectual property are licensed in a license sales contract. Sometimes a licensee will be authorized per contract to sublicense one or more intellectual properties. The difference between subdistribution and sublicensing is that a sublicense is usually limited to a couple of licensees whose names are stated in the contract. The sublicense is also usually for the same territories and rights as stated in the contract for the licensee.

Smart SAP Assistant

• Key Concepts: 
  A licensee is a person or organization that has been granted the right to use intellectual property owned by another person or organization. In the context of SAP CRM-IM-IPM Intellectual Property Management, a licensee is an entity that has been granted the right to use intellectual property owned by another entity. This could include patents, trademarks, copyrights, and other forms of intellectual property. 
  
  How to Use It: 
  In SAP CRM-IM-IPM Intellectual Property Management, licensees can be managed through the Licensee Management module. This module allows users to create and manage license agreements, track payments, and monitor compliance with license terms. Additionally, users can use the module to generate reports on licensees and their activities. 
  
  Tips & Tricks: 
  When creating a license agreement in SAP CRM-IM-IPM Intellectual Property Management, it is important to ensure that all relevant information is included in the agreement. This includes the scope of the license, any restrictions on use, payment terms, and any other relevant details. Additionally, it is important to ensure that all parties involved in the agreement are aware of their rights and obligations under the agreement. 
  
  Related Information: 
  For more information on managing licensees in SAP CRM-IM-IPM Intellectual Property Management, please refer to the official SAP documentation. Additionally, there are many online resources available that provide guidance on creating and managing license agreements.