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Intellectual Property Law

: IP Spotlight

Licensees underpay royalties 86% of the time, according to Invotex report

By Jim Singer

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Patent, trademark, and copyright license agreements typically give the licensor a right to audit the licensee’s records to ensure that the licensee is accurately reporting sales and calculating royalties that are due.  However, licensors often forego this right and merely trust that the licensee will provide accurate reports of royalties due. Licensors who fail to audit may [...]

Full post as published by IP Spotlight on April 25, 2010 (boomark / email).

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