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

SAP Term: rights sales

• Component: CRM-IM-IPM

• Component Name: Intellectual Property Management

• Description: IPM: A rights sale contract or IR contract grants a licensee an IP right that is restricted in terms of time and content once the license fees incoming royalties have been settled.

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• Key Concepts: 
  Rights Sales is a component of SAP's CRM-IM-IPM Intellectual Property Management module. It enables organizations to manage and track the sale of intellectual property rights, such as copyrights, trademarks, and patents. Rights Sales allows organizations to manage the entire process from initial negotiation to final payment. 
  
  How to use it: 
  Rights Sales can be used to manage the entire process of selling intellectual property rights. It allows users to create contracts, track payments, and manage the entire process from start to finish. It also provides users with detailed reports and analytics on their sales performance. 
  
  Tips & Tricks: 
  When using Rights Sales, it is important to ensure that all contracts are properly drafted and that all payments are tracked accurately. Additionally, it is important to keep up-to-date records of all transactions in order to ensure that all rights are properly managed and accounted for. 
  
  Related Information: 
  Rights Sales is part of SAP's CRM-IM-IPM Intellectual Property Management module. Other components of this module include Patent Management, Trademark Management, Copyright Management, and Licensing Management. These components can be used together to provide a comprehensive solution for managing intellectual property rights.