Dealing With IP Licensees Around The World

Law360 (April 10, 2008, 12:00 AM EDT) -- Significant new royalty contract opportunities have emerged in Asia, South America, and Eastern Europe with the expanding global economy, and in sync, underreported royalty revenues from nondomestic licensees are rising at a dramatic rate.

As a result, Stonefield Josephson has noticed a resulting trend toward a potential substantial loss of income to licensors, based on royalty compliance inspections performed by its member firms.

The causes for the rapid rise in underreported royalties are broad in scope, ranging from legitimate business-process constraints emanating from sometimes overly complex...
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