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Royalty Audit Checklist

Ray I. Throckmorton

Amicour International, Executive Vice President, Lafayette, IN, USA

Is recapture of unpaid royalties worth the effort and expense involved in an audit? Is there a certain percentage of revenue at which the licensee pays for the cost of the audit? What are the areas of greatest payoff in an audit?

These and other questions are answered in this AmiCOUR advisory brief, which was previously presented at the Licensing Executives Society Annual Meeting held October 15, 2007 in Vancouver, B.C. under the title Freedom to Operate 2007—Royalty Audits and China. For purposes of reader economy, several of the important points are presented in the form of useful checklists. If any reader wishes clarification, we would be very happy to discuss specific items in detail.

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