InvotexIP

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INVOTEXIP’S experience with auditing royalty streams spans many industries and types of licensee/ licensor relationships. Including competitor to competitor. Inventor to commercial entity. And university to commercial entity. Each license is thoroughly analyzed to obtain a complete understanding of the reporting requirements. It is then compared to royalty reports and licensee royalty reporting systems and procedures for completeness and accuracy. OUR audits include an historical analysis. And we Also explore the critical conditions that must BE addressed to ensure ongoing licensee COMPLIANCE. THROUGH OUR experience in reviewing hundreds of licensing agreements and auditing the related royalty streams. INVOTEXIP consistently uncovers instances of inaccurate reporting that have resulted in the underpayment of millions of dollars of royalty revenue to licensors. We are expert in ascertaining the reporting requirements of a licensee and identifying obstacles to accurate reporting. Including NEW products. Revised product codes. Incorrect pricing. And complex sublicense agreements. To name a FEW. While such reporting errors typically are NOT intended to create misleading reports. INVOTEXIP is prepared to assist clients if instances of fraud are DETECTED. INVOTEXIP provides its royalty audit services under a variety of FEE structures. Including fixed FEE. Success (contingent) FEE. Hourly consulting FEE. Or a combination thereof. Depending on the project and the Client’s needs.