Monthly Updates and Business Planning

Keeping track of your licensing business

The work does not end once a licensee has signed a licensing agreement. The licensor will require frequent communications and reports from the licensee. Reports may include monthly business updates, quarterly sales and royalty reports, annual business plans, social accountability audits of factories, information about licensee product lines and more. The information in this module will help a prospective licensee to understand the business reporting routine, type of information required and personnel investment that will be required once a deal has been executed. This module will review the standard administrative requirements of your licensing agreement and how to implement them to optimize your licensing agreement.