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Require detailed royalty reports, audit power in sublicensing deals, Technology Transfer Tactics, Vol. 2, No. 1, p. 9, January 2008.
Royalty Misreporting: Magnitude and Meaning, The Licensing Journal, Vol. 27, No. 9, October 2007.
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Despite the surge in licensing, IP license revenue remains one of the most poorly managed and under-utilized assets in corporate America. To assist with post-license considerations, Invotex provides the following services:
- License Inventory — Verification that a licensor’s database of licenses is complete through research and file controls
- Outsourced License Managers — Front line communication with licensees for receipt of informational and financial reporting as well as tracking milestones and other payments on behalf of the licensor. You receive the checks, we manage the paperwork
- License Compliance — Verification of the completeness and accuracy of reported royalty streams through a desk audit or full-scale royalty audit, an on-site investigation and analysis of the licensee documents and interview of the licensee personnel
- Equity Position Inventory — Verification that all ownership positions negotiated are realized, through research, file management and communication with stock certificate (trustee) holders as well as value determination through tracking spin-offs, name changes, mergers and acquisitions and dissolutions
- Royalty Revenue Forecasts — Forecasted license revenue for current licenses based on historical analysis as well as publicly available company and industry information
- Valuation —Market value determination for the purpose of licensing, financing and enforcing IP rights
- Sponsored Research — Ensuring that patents developed from lab-sponsored research remain with the proper entity. Includes determining whether patents are filed in an inventor’s personal name, sponsoring company name or in a spin-out company name
- Staff Training Seminars — Tools and techniques instrumental to managing license agreements in-house
For information on our other intellectual property services, see Royalty Audit & Compliance Services or Intellectual Property Transaction Services. |
