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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Advice - Continued Communication with the<br />
Licensee<br />
▼ Consider yourself their bank; they owe you money<br />
▼ Need open lines of communication at various levels<br />
▼ Dec<strong>is</strong>ion maker<br />
▼ Person preparing <strong>royalty</strong> report<br />
▼ Develop <strong>and</strong> d<strong>is</strong>tribute a Licensee questionnaire annually<br />
▼ Who calculates royalties due?<br />
▼ Do they have the agreement?<br />
▼ <strong>What</strong> procedures are performed in calculating royalties?<br />
▼ Is a second review performed?<br />
▼ Etc.<br />
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