Licensing agreements commonly contain a clause granting the licensor an audit right. This article points out that the parties signing a licensing agreement commonly overlook this clause, and that this can lead to bad outcomes for both over the life of the agreement. To address this problem, the article details both a licensor's and licensee's perspectives around four aspects of audit provisions.
- Summary by FizzLaw Team
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How to Negotiate, Prepare for, and Conduct a Licensing Audit