Intellectual Property & Royalty Audits

When it comes to the licensing of your intellectual property, are you sure you are receiving the full value? Intellectual property pertains to the ownership of one's own creative work, and for many individuals, corporations and institutions it is a vital asset and important source of revenue. But, because most licensing agreements remain unaudited, you could be losing hundreds, thousands or even millions of dollars in uncollected royalties to which you are legally entitled.

Violations of licensing agreements can occur under a variety of circumstances, ranging from a lack of understanding of the agreement by the licensee to calculation errors, poor internal controls and even intentional misconduct. When it comes to protecting your valuable copyrights or industrial property, WS+B can assist you in determining the amount of any unpaid royalty fees, reclaiming those fees and preventing future losses.

After gaining a thorough understanding of your intellectual property and the obligations of the licensing agreement, we will develop a unique strategy aimed at uncovering deviations from the agreement in question. Whether you hold a patent, copyright or trademark, we can provide the royalty compliance services you need for:

Telecommunications and Technology

  • Software
  • Web sites
  • Multimedia
  • Automotive

Biotechnology

  • Pharmaceuticals
  • Orthopedic implants
  • Plant & seed varieties
  • Mineral rights

The Arts

  • Literature
  • Artwork
  • Music
  • Movies
  • Characters

Our intellectual property specialists have been performing royalty compliance work for many years, successfully benefiting numerous clients in a variety of industries and keeping us in contact with inventors, writers, producers, actors, agents, patent attorneys and intellectual property lawyers. With our specialty services in royalty audits and compliance, valuation and litigation support, WS+B can help you realize and regain the full value of your creative assets.

Contact:

Morristown:
Tim Brezinsky, CPA
tbrezinsky@withum.com

Pat Power, CPA
ppower@withum.com

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