Realizing Your Potential Income
Are you carefully monitoring what is rightfully due you? Mathematical errors and misinterpretation of license agreement language can mean thousands to millions of additional royalty dollars are owed. Intentional understatement of sales subject to royalty is less easy to detect, but it does occur, and it can also mean significant additional royalty dollars are owed.
We are immersed in the details, subtleties, and various structuring arrangements of royalty-based agreements. VAAS professionals have performed investigations that recovered high dollars for its clients. To ensure that you receive the maximum payments from your agreements, we examine each point from every angle. To accomplish this, we:
- analyze the agreement to identify all revenue sources, allowable deductions, and royalty rates
- review royalty statements and cash flows to reveal aberrations and potential problems
- develop test procedures to verify royalty reporting
- implement regular royalty testing
- determine that all costs and charges applied to royalty payments are valid
- confirm accuracy and timeliness of royalty payments
- prepare and issue comprehensive reports on our findings
Protecting Your Brand And Reputation
Frequently overlooked, monitoring your agreement is the most effective way of learning if licensees are performing up to their obligations — and staying within the bounds of the contract. We create the know-how to:
- verify that revenue opportunities are fully realized
- disclose that your licensed products are sold only in designated territories
- perform royalty investigations of any sub licensees
- gauge that appropriate quality control is maintained
- schedule and perform regular compliance tests
- ascertain that licensee activity preserves your reputation
Income Recovery, Disputes, And Litigations
Sometimes licensees do not fully comply with an agreement. We look into the matter, answer your questions, and assist in negotiations with the licensee. If necessary, we partner our service with attorneys who have the expertise to support your interest. VAAS Professionals delivers the expertise you need as we:
- recommend modifications or amendments to current and planned agreements to maximize income flow
- identify unclear, imprecise, or broad contract language to prevent different interpretations and income loss
- track the impact of third party agreements
- perform due diligence
- alert you to anticipated changes in tax laws that could affect your existing or planned agreements
- notify you of new or unexplored licensing opportunities
- investigate compliance disputes and disagreements to maximize revenue recognition
- provide forensic accounting and auditing
