Invotex Group Royalty Audits & Compliance Services


Royalty Audits & Compliance Services home Representative Engagements Clients Key Contacts: Debora R. Stewart Managing Director Judy A. Byrd Director	Royalty Audits & Compliance Services	News & Events
		Require detailed royalty reports, audit power in sublicensing deals, Technology Transfer Tactics, Vol. 2, No. 1, p. 9, January 2008. Implant Ingenuity Retains Invotex Group to Commercialize Dental Implant Products, November 14, 2007. AireSurf Announces Representation Agreement, Marketwire, October 26, 2007. Royalty Misreporting: Magnitude and Meaning, The Licensing Journal, Vol. 27, No. 9, October 2007.
	Revenue generated from the commercialization of intellectual property (IP) is one of the most significant and fastest growing sources of earnings today. Given the impact patent licensing can have on the bottom line, it’s not surprising that organizations are placing increasing emphasis on the revenue potential of their intangible assets. Few managers can attest to the accuracy and completeness of their past and existing license revenues. However, this is no longer an option in today’s economic and legislative environment. The future definition of managerial responsibility will certainly include policies and procedures that ensure cost savings and increased income wherever possible. It is likely that managers may soon be held legally accountable for how they handle IP licenses and other intangible assets. Royalty Audits — Verification of the completeness and accuracy of reported royalty streams through on-site investigation and analysis of the licensee documents and interview of the licensee personnel Desk Audits —Determination of the likelihood of royalty misreporting through historical analysis and metrics compared with publicly available information Royalty Reporting / System Audits – Comprehensive royalty reporting system development includes customized manuals for licensor and licensee to ensure that institutional and procedural knowledge is maintained in the event of licensee personnel changes For information on our other intellectual property services, see Intellectual Property License Management Services or Intellectual Property Transaction Services.