STANDARDIZATION
- Standard templates that help drive consistent terms across agreements
- Standard method for tracking licensing contracts and their critical business information
CONTROL
- Internal controls around agreement processes, content, & approval
- Audit trails of processes
- Real-time tracking tools for agreements in process
- Agreement cycle time management
- Process bottleneck mitigation
VISIBILITY
OUT-LICENSING
What assets are licensed?
Which IP assets are under leveraged?
Are partners in compliance with their licensing agreements?
Are revenue opportunities maximized?
Can royalties be forecast?
IN-LICENSING
Is IP already owned being licensed?
Can existing IP assets fill product requirements?
Compliance with all terms of your licensing agreement?
Long-term rights to the IP that is critical to key products?
Track, manage & validate royalty obligations?
Payments on time--for correct amount?