The answer may very well be no.

In the entertainment and other industries, there are few aspects of doing business more complex and fraught with risk than license agreements. Due to numerous factors, millions of dollars or more can often be left on the table, unbeknownst to the licensor.

More and more, companies are turning to independent accounting firms to conduct royalty and patent infringement audits. GSR is one of the most respected and accomplished firms in this field. Our leadership brings years of direct experience in structuring licensing models and in the accounting systems used to capture revenue and pay royalties.

Our royalty audits explore questions such as:

• Do the sales reported by your licensees ring true in terms of the market?
• Can communication gaps between your licensees' marketing, sales and finance departments be resulting in underpayment?
• Are licensees remitting payments on time and in accordance with all of the terms of the agreement?
• How does the licensee distribute the products created from your licensed material?
• Are antiquated back-office systems adequately keeping pace with licensing changes?
• Are contractual definitions of revenues, profits and direct costs being calculated and applied correctly?

Notably, these audits can be conducted with minimal upfront fees for our client. . . and in many cases can result in the recovery of millions of additional royalty income.