What is royalties agreement in SAP (CRM-IM-IPM - Intellectual Property Management)?

SAP Term: royalties agreement

• Component: CRM-IM-IPM

• Component Name: Intellectual Property Management

• Description: A contract defining the scope and other details of the licensing.

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• Key Concepts: 
  A royalties agreement is a contract between two parties, typically an author or artist and a publisher or producer, that outlines the terms of payment for the use of intellectual property. In SAP CRM-IM-IPM Intellectual Property Management, royalties agreements are used to manage the rights and obligations of both parties in a royalty agreement. 
  
  How to use it: 
  In SAP CRM-IM-IPM Intellectual Property Management, royalties agreements are created and managed in the system. The agreement can be set up to include details such as the type of intellectual property being licensed, the duration of the agreement, and the amount of royalties to be paid. The system also allows users to track payments and manage any disputes that may arise. 
  
  Tips & Tricks: 
  When creating a royalties agreement in SAP CRM-IM-IPM Intellectual Property Management, it is important to ensure that all details are accurately entered into the system. This will help ensure that payments are made on time and that any disputes can be quickly resolved. 
  
  Related Information: 
  For more information on royalties agreements in SAP CRM-IM-IPM Intellectual Property Management, please refer to the official SAP documentation.