What is a royalty audit? - Licensing Executives Society USA and ...
What is a royalty audit? - Licensing Executives Society USA and ...
What is a royalty audit? - Licensing Executives Society USA and ...
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Red flags:<br />
there may be errors in the <strong>royalty</strong> report if…<br />
▼ The person preparing my <strong>royalty</strong> report has changed<br />
▼ My Licensee has launched new products<br />
▼ My Licensee has started selling my product in new territories<br />
▼ My Licensee has opened a new manufacturing facility<br />
▼ My Licensee has been acquired or has merged with another<br />
company<br />
▼ My Licensee <strong>is</strong> having financial difficulty<br />
▼ My Licensee has changed its accounting system<br />
▼ My <strong>royalty</strong> reports have been late <strong>and</strong> are arriving later each period<br />
▼ My Licensee’s sales of the covered product are not keeping track<br />
with the industry<br />
▼ The person preparing my report <strong>is</strong> not familiar with the license<br />
<strong>and</strong> /or technology being licensed<br />
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