Shawn Fox, principal of Fox Forensic Accounting, has more than 26 years of experience providing fraud and forensic accounting, dispute advisory, and valuation services to the business and legal community. He has been engaged in high profile disputes and investigations involving hundreds of millions of dollars to billions of dollars. With significant experience in expert testimony and the preparation of expert reports, he assists clients in all phases of complex litigation. He has been qualified as an expert witness in federal district, bankruptcy, and state courts across the U.S.
Companies that license intellectual property may not realize they are leaving money on the table in royalty underpayments and calculation errors made by their licensees. Forensic royalty audits can identify issues and correct royalty underpayments and IP valuations, but there are many aspects, not just financial, to consider. Beyond the costs and benefits associated with conducting a royalty audit, it’s also important to understand why and how licensees underreport and underpay royalties, and the key terms to scrutinize in your licensing agreement.