HighDrive NetworkHighDrive NetworkHighDrive NetworkHighDrive Network
  • Programs
    • The BusinessMakers
    • The EnergyMakers
    • HXTV
    • HealthMakers
    • BusinessMakers USA
    • Entrepreneur’s Playbook
    • Business Builders
    • Brandonomics
    • Women Mean Business
    • Biz Moments
  • About HighDrive
  • Contact

Why Companies Should Have a Licensing Agreement

Entrepreneur's Playbook | Episode: 808 | Guests: Carlos Gomez | 0
Do you know the benefits of purchasing a licensing agreement for your company? How do you negotiate the correct terms and conditions of the agreement for the most benefit? All your questions are answered in this episode of PKF Texas – The Entrepreneur’s Playbook® with Audit Contract Compliance Manager, Carlos Gomez.

Jen: This is the PKF Texas Entrepreneur’s Playbook, I’m Jen Lemanski and I’m back once again with Carlos Gomez, a Contract Compliance Manager here at PKF Texas and one of our Approachable AdvisorsTM. Carlos, welcome back to the Playbook.

Carlos: Thanks Jen.

Jen: So, another facet of the contract compliance arena is licensing and licensing agreements. And so, what are the benefits of a company having a licensing agreement or purchasing a licensing agreement?

Carlos: There are many benefits. Some of the easiest ones is software licensing. Every company usually needs something like Microsoft Excel which we use all the time, or it could be something more complex, whether it’s a pharmaceutical company that has done years and years of research and development spent that money or developing technology that can be used into other devices. And then it can be something just as simple as a trademark or name using Disney on t-shirts to sell in the marketplace.

Jen: How do we get involved with licensing agreements with third parties or our clients? What do you typically look for?

Carlos: We look for clients that are either looking to execute agreements where we can help them negotiate the correct terms and conditions of the agreement in order to be most beneficial for them when they license out anything, whether it’s software or just name, image, and likeness. Or we actually work with the licensee in order to help set their accounting systems up to report correctly and understand the agreements that they’re getting into.

Jen: Perfect. Sounds good. Sounds like there’s a lot of information to go on with this.

Carlos: Yes.

Jen: Perfect. We’ll get you back to talk a little bit about that next time. Sound good?

Carlos: Yes ma’am. Thank you.

Jen: This has been another thought leadership production brought to you by PKF Texas – The Entrepreneurs Playbook. For more information about this and other topics, visit www.pkftexas.com/contractcompliance. Tune in next week for another chapter.

brought to you by

Recent Entrepreneur's Playbook Episodes

Entering a Licensing Agreement - What to Know

Entering a Licensing Agreement – What t...

There are various nuances when you’re navigating a licensing agreement – the best terms, ...
Entrepreneur's Playbook
The Importance of GAAP Financial Statements

The Importance of GAAP Financial Statements

GAAP financial statements can help streamline the due diligence process for buyers and sellers ...
Entrepreneur's Playbook
Documentation for Your Donors' Charitable Contribution

Documentation for Your Donors’ Charitab...

Does your not-for-profit organization have generous donors? Make sure you’re providing the correct documentation ...
Entrepreneur's Playbook
Why Sell-Side Due Diligence Helps Sellers

Why Sell-Side Due Diligence Helps Sellers

Think of sell-side due diligence like car maintenance. We’re the mechanics taking a look ...
Entrepreneur's Playbook
Why Companies Should Have a Licensing Agreement

Why Companies Should Have a Licensing Agreeme...

Do you know the benefits of purchasing a licensing agreement for your company? How ...
Entrepreneur's Playbook
Why Business Owners Should Invest in an Audit

Why Business Owners Should Invest in an Audit

There is more to an audit than simply going through one. Other valuable things ...
Entrepreneur's Playbook
Load More Episodes Loading...
© HighDrive 2018-2019 | All Rights Reserved
  • About HighDrive
  • Charlotte, NC
  • Columbus Ohio
  • Contact HighDrive
  • Fort Lauderdale
  • HighDrive Network
  • HighDrive Programs
    • Biz Moments
    • Brandonomics
    • Business Builders
    • BusinessMakers USA
    • Entrepreneur’s Playbook
    • HealthMakers
    • HXTV
    • The BusinessMakers
    • The EnergyMakers
    • Women Mean Business
  • HighDrive Weekly
  • Indianapolis Indiana
  • Kansas City
  • Milwaukee
  • Nashville
  • Oklahoma City
  • Raleigh NC
  • San Antonio
  • Seattle
HighDrive Network