Maximizing royalty revenue: Current trends in royalty contract reviews
INSIGHT ARTICLE |
Within complex licensing and intellectual property contracts, royalties are commonly underreported or not reported for some products. Several situations can lead to incorrect payments, emphasizing the importance of a licensee royalty audit and investigation program to ensure licensors receive the proper royalty amounts. In many cases, a review discovers errors in processes or activities and encourages compliance moving forward.
If your royalties do not meet your projections, or you feel they are underreported, a review can recover the funds you are entitled to. Read our article to learn more about current royalty audit and investigation trends, including best practices for contract language and common reasons for royalty payment errors.