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

SAP Term: territory

• Component: CRM-IM-IPM

• Component Name: Intellectual Property Management

• Description: Potential rights dimensions for a right to be sold or acquired: A license sales contract can for instance stipulate that the right to the television airing of the film sold is only granted for the Europe territory i.e. not USA or Asia.

Smart SAP Assistant

• Key Concepts: 
  Territory is a component of the SAP CRM-IM-IPM Intellectual Property Management module. It is used to define the geographical area in which a company has exclusive rights to sell its products or services. Territories can be defined by country, region, state, or even city. 
  
  How to use it: 
  Territory can be used to manage the sales process and ensure that customers are served in the correct geographical area. It can also be used to track sales performance and analyze customer data. Additionally, it can be used to set up pricing rules and discounts for different territories. 
  
  Tips & Tricks: 
  When setting up territories, it is important to consider the size of the territory and how it will affect sales performance. Additionally, it is important to consider any legal restrictions that may apply in certain territories. 
  
  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.