You can use the underlying component
product relationship to link several Intellectual Properties (IPs). Underlying components are not usually licensed directly, but are entered in the Intellectual Property (IP).
Lower level (subordinate) IPs are displayed in the Underlying Components
assignment block
Higher level (superordinate) IPs are displayed in the Underlying Component Of
assignment block
In addition, the system displays this linking as a hierarchy in the IP Details
assignment block.
You link IPs using the underlying component product relationship to:
Document this relationship in the system
Evaluate the relationship in the rights availability analysis
Evaluate the relationship for the underlying component
for the royalties calculation. You have for example negotiated a license acquisition contract with a composer the music to a film. If a film IP, which contains this film music as the underlying component,
is sold, the composer can also receive royalties payments automatically.
Several Intellectual Properties are entered in an IP. You want to place these products in relationship with one another in the system.
Example
You acquire the book rights as the basis for producing a film.
Note
If you are using by title financial processing and reporting, you also need to set the Title Relation
indicator for the relevant IPs. For more information, see Title Hierarchy.
The system performs the following checks for the underlying component
product relationship:
The underlying component
relationship type can only be maintained between products with the Intellectual Property product type.
An IP cannot appear several times in a relationship tree.