Areas of Expertise
A licensee's failure to meet the terms of a potentially complex license agreement typically results in the licensor losing revenue. As a result, royalty audits are appropriate both in the context of disputes over amounts owed under the agreement and as a mechanism to monitor ongoing activity.
In either circumstance, LitiNomics professionals possess the financial and accounting skills and experience to accurately determine the amounts due under licensing agreements. We have reviewed licenses, gained an understanding of the license payment calculations defined by agreements, applied forensic techniques to calculate the sales subject to a license, and documented and reported findings.
Please email firstname.lastname@example.org to learn more about how LitiNomics can assist you with a royalty audit.