Rights and Royalties - Management, Accounting and Distribution
Our company has direct experience managing Rights and Royalties accounting. Ignore the consequences of a due amount and it can soon go very wrong. We at Financial & Logistics Ltd are trained to guard your interests. We follow the rights in your Licensor intellectual property to the very letter of the law as laid out in your contract with a licensee. Let us give you an insight into how it all works and the kind of help that we can provide to you the Client, from within or out of your office.
In a contract that recognizes rights of intellectual or brand property, the licensee applies for use of such property over a renewable period of time, for a negotiated, given or agreed fee. This is paid to the Licensor; as a one-off or periodic amount, as determined in the terms of ‘the contract’. Based on sales value, an agreement may have been preceded by an event (exhibition or otherwise), where an interest would have been demonstrated in engaging the licensed brand.
The accounting of royalty is time consuming and needs managerial handling, at a capable legal and financial accounting point. Not all companies can devote combined resources to high effect. Financial & Logistics Ltd will employ its best endeavors to measure, manage and consistently report, to include cost of sales royalties and advise or forward your final due amount directly and on time. These will be completed on a submission of Returns basis. Today, we make this offer to enhance your departmental savings.
You will see why it is important to engage our company’s services in this field. There are many flaws in reporting that you as principal will not have time to follow. We will do this for you. We have in the past, experienced numerous significant errors - varying percentage rates, geographical differentials, language crossovers and cross currency translations are common. A licensee may not periodically report as agreed - thus delaying your payment. We usually follow this up on your behalf within the terms of your contract. There are other investigative events that make this area of accounting our forte. UK Trading Standards can be summoned to a production site, to investigate illicit use of your licensed rights in toys, clothing, sportswear, etc. We’ve dealt with all the above.
In the periodic event of normal reporting of your due amount, we provide the earliest indicator of recoupment and breakeven analysis. This serves as a worthy tool to determine the success of the licensee engagement. Conversely, should there be problems with sales or seasonal variations we would be the first to advise you as principal. We pride ourselves in our capable and candid reporting methods. We believe that brand assessment in products is diversely interesting and deserves close monitoring for it not to fail you. The use of our company services provide for the release of your resources that could be directed towards more economic utilization- and in today’s market conditions, a most worthwhile consideration.
We have a service that is worthy in royalties accounting. Should you be interested, please do not hesitate to call or e-mail us at info@finacolog.com . We look forward to assisting your organization.