Intellectual property (IP), in the form of patents, trademarks and copyright is often a company's greatest asset, essential for maintaining the value of its business. It underpins competitive advantage; it is a source of revenue when it can be licensed out or sold; and it often accounts for a large proportion of a company’s value. With businesses under pressure from globalisation and the increasingly central role of intellectual property, the demand for strong protection and dynamic exploitation policies has never been greater.
Many companies have begun to understand the importance of extracting the maximum value from their IP in terms of managing licensing and other contractual arrangements. Businesses are constantly looking for ways to improve their cash flow, but rights associated with intangible assets are often neglected. Licensing, franchising, supplier or distributor agreements are often very complex and non-compliance with the provisions of these agreements can have a direct impact on the bottom line. Over the life of a long-term agreement, “revenue leakage” may result in hundreds of thousands, and in some cases, millions in lost income.
By way of example, how we can support in a nutshell?
An assessment of risks to the licence portfolio.
The development of strategies to manage, monitor and control those portfolios.
The establishment of compliance programmes for licensing, distribution, pricing and other contractual agreements.
Forensic-based royalty examinations, as well as advice on royalty rates and licensing fees.
Commercial reviews of royalty and financial provisions in agreements.
Acting as expert witness.
“We help our clients uncover underreported revenues due to a variety of reasons with the primary drivers being clerical errors, accounting mistakes or contract misunderstandings.”
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