The material presented is provided as an outline to areas which have been concerns and/or have been interpretative issues during licensing inspections (typically referred to as a licensing royalty audit). In addressing the matters in this presentation a licensor assists its auditors in identifying material underpayments or other matters of concern within a licensing agreement.

The Licensing industry has changed significantly with changes in distribution models, the economy and general accounting practices. These changes have affected the way revenues/receipts are collected and royalties are disbursed.

This course is designed for the legal and business representatives of rights holders in the Licensing industry.