A manufacturer licenses its technology to an overseas business in exchange for royalties. Sales appear to be increasing, but the royalty statements provide little information about how the payments were calculated.

The problem may lie in the original licensing agreement.

International technology and intellectual property contracts should clearly define the products covered, the territories where the licence applies and the method used to calculate royalties.

The agreement may also permit the rights owner to examine relevant financial records through a carefully defined audit procedure.

Through its alliance of independent member firms, Kaden Boriss supports coordinated corporate and intellectual property advisory work across jurisdictions.

An international business lawyer can assess whether audit provisions appropriately protect confidential information while allowing the licensor to verify payments.

International law firms may also need to consider local accounting requirements, withholding taxes and restrictions on transferring commercial records.

A global law firm network can help identify which aspects of the arrangement require jurisdiction-specific advice.
Businesses comparing top law firms should consider their ability to address both the commercial value of intellectual property and the practical enforcement of licensing obligations.

A royalty percentage is only meaningful when the agreement explains how payments will be verified and disagreements resolved.

for more, visit : https://www.kadenboriss.com/