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

SAP Term: royalties dimension

• Component: CRM-IM-IPM

• Component Name: Intellectual Property Management

• Description: A royalties dimension is a characteristic that describes usage of an Intellectual Property IP. This dimension is used in addition to the rights dimension. IP rights consist of several rights dimensions and optional royalties dimensions, which describe usage of an Intellectual Property uniquely. Examples of rights dimensions include: market, territory and language. One example of a royalties dimension is the price group. Example: Intellectual Property "X" has the following IP right: Dimension Attribute Market: Pay TV Territory: Germany Language: Germany Price group: Top films

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• Key Concepts: 
  Royalties dimension is a component of SAP CRM-IM-IPM Intellectual Property Management. It is used to manage the payment of royalties to the owners of intellectual property rights. It allows companies to track and manage the payment of royalties for each intellectual property right, such as patents, trademarks, copyrights, and trade secrets. 
  
  How to use it: 
  The royalties dimension component of SAP CRM-IM-IPM Intellectual Property Management can be used to track and manage the payment of royalties for each intellectual property right. It allows companies to set up royalty agreements with the owners of intellectual property rights and track payments made to them. The component also allows companies to monitor the performance of their intellectual property rights and ensure that they are being properly managed. 
  
  Tips & Tricks: 
  When setting up royalty agreements with the owners of intellectual property rights, it is important to ensure that all terms and conditions are clearly stated in the agreement. This will help ensure that all parties understand their obligations and that payments are made on time. Additionally, it is important to keep track of any changes in the agreement so that payments can be adjusted accordingly. 
  
  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. Additionally, there are many resources available online that provide detailed information on how to use this component of SAP software.