What is intellectual property in SAP PSM - Public Sector Management?

SAP Term: intellectual property

• Component: PSM

• Component Name: Public Sector Management

• Description: Valuable, intangible assets created during research and development activities. They are usually patented and can result in royalty payments to those responsible for the research project.

Smart SAP Assistant

• Key Concepts: 
  SAP Public Sector Management (PSM) includes a suite of software solutions designed to help public sector organizations manage their intellectual property. Intellectual property is any form of creative work or invention that is protected by law, such as patents, copyrights, trademarks, and trade secrets. It is the legal right of the creator or owner to control the use and distribution of their work.
  
  How to Use It: 
  SAP PSM provides tools to help public sector organizations manage their intellectual property. This includes tools for tracking and managing patents, copyrights, trademarks, and trade secrets. It also provides tools for protecting intellectual property from unauthorized use or infringement.
  
  Tips & Tricks: 
  When using SAP PSM to manage intellectual property, it is important to ensure that all relevant information is accurately tracked and updated. This includes keeping track of any changes in ownership or licensing agreements. Additionally, it is important to ensure that all intellectual property is properly protected from unauthorized use or infringement.
  
  Related Information: 
  For more information on SAP PSM and its features for managing intellectual property, please visit the SAP website at https://www.sap.com/products/public-sector-management.html. Additionally, you can find more information on intellectual property law at the US Patent and Trademark Office website at https://www.uspto.gov/.