Royalty auditing is a best practice that can strengthen the relationship between licensors and licensees. The key is building a customized audit program that ensures that licensors are getting what ...

Patent license royalty payments can be habit-forming. Some patent licenses have terms extending for potentially two decades or longer. As a result, patent licenses are frequently filed away never to ...

“While fraud may be an obvious assumption when licensors feel their royalty agreements haven’t been followed, there are other common reasons for the underreporting of royalties.” Companies that ...

NEW YORK CITY, NEW YORK, UNITED STATES, February 21, 2023 /EINPresswire.com/ -- Adeptus Partners, LLC, a solutions-based public accounting firm serving individuals ...

iHeartMedia has received notice from the Mechanical Licensing Collective of the organization’s intent to audit its records over royalty payments. The audit will examine the accuracy of payments from ...

Audits and accounting adjustments tied to past royalty payments helped Alaska recover an extra $117 million from oil and gas companies last year, primarily because federal pipeline regulators ...

An audit of royalty payments on State Trust land resulted in the New Mexico State Land Office recouping about $2.3 million in revenue lost to errors in the reporting process of business, mostly oil ...