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

SAP Term: licensor

• Component: CRM-IM-IPM

• Component Name: Intellectual Property Management

• Description: In a license acquisition contract, the party from whom the rights to an intellectual property are acquired.

Smart SAP Assistant

• Key Concepts: 
  A licensor is a party that grants a license to another party, allowing them to use their intellectual property. In the context of SAP CRM-IM-IPM Intellectual Property Management, a licensor is the party that grants a license to another party to use their intellectual property, such as patents, trademarks, copyrights, and trade secrets. 
  
  How to Use It: 
  The SAP CRM-IM-IPM Intellectual Property Management module allows users to manage their intellectual property rights and licenses. This includes creating and managing licenses for licensors and licensees, tracking license payments, and managing the expiration of licenses. 
  
  Tips & Tricks: 
  When creating a license for a licensor, it is important to ensure that all of the necessary information is included in the agreement. This includes the scope of the license, any restrictions on use, payment terms, and expiration date. 
  
  Related Information: 
  For more information on SAP CRM-IM-IPM Intellectual Property Management, please visit the SAP website at https://www.sap.com/products/crm-im-ipm.html.