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Compliance

Post-License Royalty Audits: Strategies for Discovering, Managing and Avoiding Discrepancies in Reporting

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What’s included

Access to the on-demand video with closed captions and presentation materials.

Explore critical issues associated with royalty reporting and compliance, and proven strategies for ensure you receive every penny you deserve

$197.00

Program agenda:

  • Communication strategies from the get-go to promote positive relationships with licensees
  • Key considerations for drafting the royalty audit clause in the license
  • Active monitoring tools designed to invite feedback from licensees
  • Understanding the method and source of reporting information
  • Identifying warning signs that may prompt an on-site audit
  • Choosing the right auditor: In-house or contract with third party firm?
  • Common audit findings — and not so common ones

A successful licensing compliance program should be a self-sustaining effort that utilizes multiple compliance tools — including onsite audits — and delivers a strong message to licensees that you intend to enforce and protect your IP rights. Royalty audits can and should be a critical part of every TTO’s license compliance efforts.

Studies show that over 90% of royalty audits reveal underpayments.
There are many factors that contribute to the underreporting of royalties: misunderstanding of the terms in the original agreement, financial hardship of the licensee, new products launched and not accounted for, sublicensing payments, and many others.

An effective royalty audit program can pay for itself many times over, since instances of underreporting can represent hundreds of thousands of lost dollars — dollars that could have been reinvested in research or IP development, not to mention the TTO’s own operating budget. To help you unearth that “missing” revenue, we’re producing this practical program.

Join us as Karen Wang, Director in the Disputes, Compliance, & Investigations group with Stout — a global investment bank and advisory firm specializing in corporate finance, valuation, financial disputes, and investigations — discusses critical issues associated with royalty reporting and compliance, and proven strategies for ensure you receive every penny you deserve.

Program Leaders

Director in the Disputes, Compliance, & Investigations Stout

What’s included

Access to the on-demand video with closed captions and presentation materials.

Explore critical issues associated with royalty reporting and compliance, and proven strategies for ensure you receive every penny you deserve

$197.00

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