Select*Intellectual Property Management
Intellectual Property (IP) is legal property rights over creations of the mind, both
artistic and commercial.
Common types of IP include royalty, copyrights, trademarks, patents, industrial design rights and trade secrets. The majority of IP rights provide creators of original works economic incentive to develop and share ideas through a form of temporary monopoly.
IP terms and conditions are legal agreement between the IP Owner and the organization using those ideas. The big question for all organizations using IP’s is how to calculate, manage and maintain various IP owners using one system.
Select*Intellectual Property (SIP) Management system provides you capabilities to calculate and manage various types of royalty calculations restricted by the legal agreements. SIP also provide you capability to maintain various users of the system so that users can perform/edit calculations and there respective manager can approve/reject it after review. SIP can also create connections with ERP system of any organization providing facility to create automated payments against the respective royalty calculation.