Technology licensing revenues have increased dramatically over the past twenty years. As licensing revenues have increased, so has the need for accuracy in license agreement compliance.
Disputes between licensors and licensees may arise regarding the appropriate amounts due to the licensor. Misinterpretation of agreement terms, inaccurate exchange rates, poor accounting systems, and poor communication between engineering and accounting departments are just a few of the causes of under paid royalties. These disputes may involve the need for a third-party to investigate (commonly referred to as a “royalty audit”) whether license payments have been properly calculated and paid by the licensee.
IPFC employs CPAs and other financial professionals with years of experience and the required combination of skills necessary to identify underpayments and to assist in negotiation between licensors and licensees.