Most licensees have errors in their royalty reports. The best license compliance programs use different tools and methods to get the most out of the program. This includes traditional audits, as well as desk reviews and limited scope audits. If used correctly, these methods can find royalty gaps in a licensor's licensee environment. I work with you as a partner to understand the details of license agreements.
Tomas Geerkens
Director CONNOR
I provide support to companies by auditing licence agreements. My role involves ensuring that the licence fees charged to licensees are compliant with the terms set out in the licence agreement.
Antwerp, Flemish Region, Belgium
My Focus
My Expertise
What is licensing compliance? – Interview with Tomas Geerkens
This interview is particularly relevant for any company that licenses out its intellectual property (IP) for commercialization purposes and has licensing royalty revenue streams. Whether you’re a small business or a large corporation, the principles of licensing compliance apply, but the specific best practices may vary depending on the size and complexity of your operations.
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How royalty audits can build better relationships through compliance
Royalty audits play a crucial role in ensuring the proper reporting and payment of the royalties set out in licensing agreements. However, these audits extend beyond financial scrutiny as they can establish trust and foster strong relationships between licensors and licensees.
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Four common mistakes in licence compliance and how to avoid them
While a successful licence compliance programme can add tremendous value to an organisation through significant revenue recoveries, several common mistakes prevent licensors from realising their programme’s full potential.
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Standardised and non-confrontational approach to royalty audits key for ensuring compliance
Royalty audits are essential to ensure that IP licensors receive the revenue they deserve while fostering transparent and productive relationships with licensees. However, several misconceptions about the audit process can create unnecessary tension and prevent licensors from fully benefitting from these audits.
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Offered Services
Visit WebsiteLicensee Success
Leveraging geographic reach to onboard licensees while assessing their maturity and control environment, ongoing compliance led engagements via ConnorX
Continuous Monitoring
Performing real-time review and analysis of reported roylties to identify any gaps or anomalies
Business Intelligence
Performing market analysis from understanding players and segments to alternate licensing strategies
Compliance Engagements
Executing full scope or limited scope audits to validate accuracy and completeness of reported royalties
