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

SAP Term: non-exclusive right

• Component: CRM-IM-IPM

• Component Name: Intellectual Property Management

• Description: The licensee for a non-exclusive right dooes not acquire an exclusive usage right. The right acquired can be purchased and used by other licensees in parallel.

Smart SAP Assistant

• Key Concepts: 
  Non-exclusive right is a type of intellectual property right that allows multiple parties to use the same intellectual property. It is a type of license that grants the licensee the right to use the intellectual property, but does not grant exclusive rights to the licensee. This type of license is commonly used in the SAP CRM-IM-IPM Intellectual Property Management component. 
  
  How to Use it: 
  In order to use non-exclusive rights, a company must first obtain a license from the owner of the intellectual property. The license will specify the terms and conditions of use, including any restrictions on how the intellectual property can be used. Once a license has been obtained, the company can then use the intellectual property in accordance with the terms and conditions of the license. 
  
  Tips & Tricks: 
  When obtaining a non-exclusive right license, it is important to read and understand all of the terms and conditions of use. It is also important to ensure that any restrictions on how the intellectual property can be used are clearly understood and followed. 
  
  Related Information: 
  Non-exclusive rights are just one type of intellectual property right that can be obtained from an owner. Other types of intellectual property rights include exclusive rights, which grant exclusive rights to a single party, and joint rights, which grant rights to multiple parties.