License Management
Monitoring compliance with contractual arrangements and the identification of understated revenues related to licensing arrangements have often been outside management’s main focus or forgotten during the allocation of resources. In addition, License Management – the controls and procedures necessary to facilitate accurate royalty reporting – has also been often overlooked. Currently, these mechanisms are front and center as a means of increasing return on research and design investment and thus enhancing shareholder value. The issues are of growing concern to local, national and international companies, universities and research foundations as technological advances and globalization create environments where a proactive rather than reactive attitude is not only profitable, but also necessary.
Responding to this growing concern, Ocean Tomo Risk Management assists its clients in improving revenue streams by securing compliance with licensing and other business arrangements, creating procedures to manage revenue payments and attract additional licensees. Our License Management Program is a complete package of strategic license portfolio monitoring and auditing.
Benefits
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Risk Management Professionals
Monitoring compliance with contractual arrangements and the identification of understated revenues related to licensing arrangements have often been outside management’s main focus or forgotten during the allocation of resources. In addition, License Management – the controls and procedures necessary to facilitate accurate royalty reporting – has also been often overlooked. Currently, these mechanisms are front and center as a means of increasing return on research and design investment and thus enhancing shareholder value. The issues are of growing concern to local, national and international companies, universities and research foundations as technological advances and globalization create environments where a proactive rather than reactive attitude is not only profitable, but also necessary.
Responding to this growing concern, Ocean Tomo Risk Management assists its clients in improving revenue streams by securing compliance with licensing and other business arrangements, creating procedures to manage revenue payments and attract additional licensees. Our License Management Program is a complete package of strategic license portfolio monitoring and auditing.
Benefits
- Maximization of return on investment from licensing of intellectual property.
- Near term and ongoing positive impact on financial performance.
- Allows internal focus on core competencies and strategic opportunities.
- Enhanced process and controls to mitigate risk of negligence or breach of fiduciary duty claims.
- Ensures compliance with internal audit guidelines.
- No fixed expenditures or initial cash outlays.
- Processing of royalty remittance.
- Monitoring compliance with fiscal obligations of license agreements.
- Assessment of historical license fiscal compliance and identification of audit opportunities.
- Commission and finance independent third party royalty audits.
- Consultation on litigation and settlement of claims for unpaid or underpaid royalties.
- Facilitation additional licensing opportunities through auction or postings to The Dean’s List™ online IP exchange.
- Identification of likely potential licensees utilizing proprietary analytical tools including patent relevance metrics provided by the Ocean Tomo PatentRatings® system.
- Two percent (2%) of annual license revenue for ongoing management services.
- Twenty-five percent (25%) of Incremental Royalty Income1; including historical license underpayments recovered and the first three years of royalties from new licensees identified or attracted by Ocean Tomo services.
1
Risk Management Professionals
| Adam Clifford | 312-327-4427 PH | 312-327-4401 FX |
| Associate | aclifford@oceantomo.com | Download v-card | Biography |