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

SAP Term: royalties scope

• Component: CRM-IM-IPM

• Component Name: Intellectual Property Management

• Description: A grouping of rights relevant for royalties calculation that is specified within the license acquisition contract and license sales contract. A royalties scope has a description to describe the corresponding rights.

Smart SAP Assistant

• Key Concepts: 
  Royalties scope is a component of SAP's Intellectual Property Management (IPM) module in the Customer Relationship Management (CRM) suite. It is used to manage and track royalty payments for intellectual property rights, such as patents, trademarks, copyrights, and other intellectual property. The royalties scope component allows users to define royalty payment rules, calculate royalties, and track payments. 
  
  How to use it: 
  To use the royalties scope component, users must first define the royalty payment rules. This includes setting up the royalty rate, payment terms, and other parameters. Once the rules are set up, users can then calculate the royalties due for each intellectual property right. Finally, users can track payments and ensure that all royalty payments are made on time. 
  
  Tips & Tricks: 
  When setting up the royalty payment rules, it is important to consider the different types of intellectual property rights that may be involved. For example, some rights may require a different rate or payment terms than others. Additionally, it is important to ensure that all royalty payments are tracked accurately to avoid any discrepancies or disputes. 
  
  Related Information: 
  The royalties scope component is part of SAP's CRM-IM-IPM suite. Other components in this suite include patent management, trademark management, copyright management, and other intellectual property management tools. Additionally, SAP offers a range of other CRM solutions that can be used in conjunction with the royalties scope component to provide a comprehensive solution for managing intellectual property rights.