Technology and globalization are leading developed countries to shift from manufacturing-based economies to intellectual property-based economies. This trend, coupled with the current credit crunch, is leading to an increase in intellectual property licensing transactions and other similar partnership ventures. However, as the reliance on licensing revenues increases, the risk of revenue leakage is also growing, particularly as licensing revenues from developing regions of the world are increasing. This revenue leakage is, and will continue to be, much larger than most organizations currently believe.
This brochure can help you develop and implement a compliance program, based on 10 best practices.