What is sold or licensed right in SAP CRM-IM-IPM - Intellectual Property Management?

SAP Term: sold or licensed right

• Component: CRM-IM-IPM

• Component Name: Intellectual Property Management

• Description: Rights that are sold or transferred using sales contracts.

Smart SAP Assistant

• Key Concepts: 
  Sold or licensed right is a term used in SAP's CRM-IM-IPM Intellectual Property Management component. It refers to the right to use a certain intellectual property, such as a patent, trademark, or copyright, that has been sold or licensed to another party. This right is typically granted by the owner of the intellectual property and can be used for a variety of purposes, such as commercial exploitation or research and development.
  
  How to Use it: 
  In order to use a sold or licensed right in SAP's CRM-IM-IPM Intellectual Property Management component, the user must first obtain the right from the owner of the intellectual property. Once the right has been obtained, it can be entered into the system and used for various purposes. For example, it can be used to track and manage intellectual property rights, as well as to generate reports on the usage of those rights.
  
  Tips & Tricks: 
  When using sold or licensed rights in SAP's CRM-IM-IPM Intellectual Property Management component, it is important to ensure that all relevant information is accurately entered into the system. This includes details such as the type of right being granted, the duration of the license, and any restrictions that may apply. Additionally, it is important to keep track of any changes that may occur over time, such as changes in ownership or expiration dates.
  
  Related Information: 
  In addition to sold or licensed rights, SAP's CRM-IM-IPM Intellectual Property Management component also allows users to manage other types of intellectual property rights, such as trade secrets and know-how. Additionally, users can also use this component to track and manage licenses and contracts related to intellectual property rights.