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What is a royalty audit? - Licensing Executives Society USA and ...

What is a royalty audit? - Licensing Executives Society USA and ...

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Why have a <strong>royalty</strong> compliance program?<br />

▼ Maximize revenue negotiated<br />

▼ Maintain a good Licensee relationship<br />

▼ Ensure compliance / clarify ambiguity<br />

▼ Send a message of intent to protect rights<br />

▼ Benchmark performance / industry / project<br />

revenue<br />

▼ Manage fiduciary duty<br />

▼ Exemplify proactive philosophy<br />

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