Royalty Auditing

EPIS Royalty investigation will help you identify what is rightfully yours.

Our job is to help you identify the royalty income owed you. Through mutually agreed-upon procedures (commonly referred to as "royalty audits"), we assist you in determining whether your licensee is reporting sales and their applicable royalties according to the terms of your license agreement. Additionally, we are able to assist you in putting in place the right compliance monitoring programs.

Our Approach

During our royalty engagement, we perform agreed-upon procedures, including those designed to determine if:

  • You have procedures and controls for monitoring when royalty payments should be received and if the amount is within an expected or given range.
  • Your system has "red flags" notifying you if there is a deviation from last month's/year's payment or the average payment to date.
  • Your licensee reports its royalty data in the format and detail mandated by the terms of the license agreement.

Our Experience

We have more than 40 years of cumulative experience in conducting royalty investigations. We assist our clients on internal royalty monitoring systems and license agreement language as it relates to accounting terms and definitions, as well as audit paragraphs, all of which afford the licensor greater protection of royalty streams. During the past 10 years we have identified millions of dollars of unpaid royalties, due to:

  • Bookkeeping error
  • Misunderstanding of license agreement language
  • Development and sales of new products that utilize the licensed technology, not being included in the royalty reports
  • Intentional understatement

How You Will Benefit

The benefits of our royalty investigations come to you in dollars and cents. Over the past 10 years we have helped our clients identify millions of dollars of unpaid royalties. Based on our experience, we believe that it is good business practice to conduct royalty investigations, the rewards of which many times exceed the costs of doing so. In many cases, based on our findings, the burden of the cost has been shifted to the licensee.

Royalty Auditing FAQ

What is a Royalty Audit?

A Royalty Audit is carried out on behalf of the owner of Intellectual Property (IP) who has licensed that IP to a third party in exchange for payments based on usage (usually called "royalties"). The royalty audit is used to the check that the licensee is paying the correct royalties.

Why do I need a Royalty Audit?

The royalty and licensing process is a very complex one and even the best run firms make mistakes. This complexity makes it possible for unscrupulous licensees to deliberately understate the level of royalties due.

When do I need a Royalty Audit?

At least once during the lifecycle of a third party IP license, the owner of the IP should commission a company such as Bevis and Co to carry out a Royalty Audit.

When to call in Empire Pacific Investigative Services Inc.?

If you own Intellectual Property (IP) which you license to a third party for a one off payment or for scheduled payments not linked to usage in any way, you should be able to manage without us.
But

  • If you have never licensed IP and are considering doing so, you should call our toll free number. We can give you advice, introduce you to a specialist lawyer and help you set up the systems you may need to manage the activity.
  • If you license IP to a third party for a fee based on usage (a royalty payment) you should talk to our agents. Our job is to help you maximize your royalty income.
What is Compliance Checking?

A Compliance Check is a "desk top audit" comparing details on incoming royalty statements with the terms of the license to ensure the third party are complying with them.

When is a Compliance Check Needed?

Whenever we undertake a Royalty Audit we always first carry out a Compliance Check.

If you license intellectual property to a third party and receive a royalty payment related to usage, we would recommend that you introduce a regular Compliance Checking programmer.

A regular programmer of compliance checks will identify problems early and it signals to the licensee that you are managing the license. It will also identify when a full Royalty Audit might be appropriate.

4.8

Based on 85 reviews

Kim J.
My Son found Mike at Empire Pacific because we needed a detective in order to find someone. We had spend a lot of time and money on many search people websites and never found anything current on the person we were trying to find. We hired Mike to do an initial check to find the person. Mike called and said on the initial check that he had found what we needed, he said the second step would be to go look by foot and there would be a fee per hour. About 2 hours later Mike called and told us he had found the person and gave me his current phone number. I called and sure enough it was the person I was looking for. Now this shows how honest Mike is because he could have easily billed me for a few extra hours of leg work (which is paid per the hour) and I would not have known he already found the person. Mike was very attentive when I called and either picked up his phone or called me back very fast. I would highly recommend Mike, he is vey good at what he does and is respectful, honest and FAST!
Agustin C.
Mike Hakimi from EPIS is a true professional. He helped me with my case. He delivers effectively and fast! I was trying to find someone that nobody has heard from him from since the late 90's, I was very unsure he was still around. I needed to find him and interview him for my movie project. A key character. And Mike incredibly found him. Don't hesitate hiring Mike for any type of service.
Shera C.
Very pleased with Mike and his staff. Thank you for handling this surveillance case on such short notice. I was very pleased with your services and will do biz again with you for sure. I will be in touch:) 5 Stars!!!
Lance R.
Mike and his team are as professional as it gets. Very prompt to reply and understand the finesse needed in this service. I appreciate his expert feedback and how to best proceed in the most efficient way possible. Thank you again!!!

-LRR
Yossi S.
I have highest, highest praise for Mike at Empire Pacific Investigative Services. I had to take someone to court and I was concerned whether sheriff is efficient enough to do the serving or they will just attempt and I pay for nothing. I talked to Mike about serving this particular person and on top of it I try to force future steps of collection and Mike was extremely helpful to show me in and outs of all the options that I have and how he can help me.

My concern was the person that I am suing would play hide and seek, not available during the day and difficult to catch. Sure enough Mike served the paper within 2 to 3 days and informed me accordingly.

I am so happy to know Mike and would not hesitate to recommend him to anyone that has needs for his services.
Kevin O.
I was searching for a family relative, for over 40+ years with no such luck. So I decided to find a private investigator. I contacted Mike at Empire Pacific Investigative Services and in the same day he found the person I was looking for easily. I was so blown away! This service is AAA+ and I would definitely use them again, again and again! Thank you Mike!
Deborah O.
Top notch experience with Empire and Mike!
No lag time or waiting around. He gave me the difficult diligence I needed within the week.
Professional, friendly and available whenever I need the.
Prompt response time and easy to reach!
Thanks Mike! I'll be using your services again. Wouldn't go to anyone else!

Deb Olberding
Magda S.
I had very good experience with Empire Pacific Investigative Services, Mike was very determined and efficient, detail oriented and reliable. His work effect exceeded my expectations.
Yossi S. Los Angeles, CAV
0 friends
4 reviews

11/20/2017

I have highest, highest praise for Mike at Empire Pacific Investigative Services. I had to take someone to court and I was concerned whether sheriff is efficient enough to do the serving or they will just attempt and I pay for nothing. I talked to Mike about serving this particular person and on top of it I try to force future steps of collection and Mike was extremely helpful...

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Agustin C. Los Angeles, CA
10 friends
3 reviews

4/26/2018

Mike Hakimi from EPIS is a true prfessional. He helped me with my case. He delivers effectively and fast! I was trying to find someone that nobody has heard from him from since the late 90's, I was very unsure he was still around. I needed to find him and interview him for my movie project. A key character. And Mike incredibly found him. Don't hesitate hireing...

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Marcus B. Ewa Beach, HI
32 friends
86 reviews

2/27/2018

I contacted Mike at Empire to do some research for me on an old insurance claim. It ended up not being along the lines of work that he was an expert in but what was so great about the experience was that Mike went out of his way to find me someone that did specialize in the area. If you are considering a couple options on who you need for your investigation you...

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Magda S. New York, NY
27 friends
2 reviews

3/21/2018

I had very good experience with Empire Pacific Investigative Services, Mike was very determined and efficient, detail oriented and reliable. His work effect exceeded my expectations.

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Shera C. Orange, CA
8 friends
24 reviews

2/27/2018

Mike's firm is awesome. I gave them short notice to conduct surveillance and they totally delivered. Thank you and your staff for handling this assignment for me on such short notice...

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Jonatan C. Chatsworth, Los Angeles, CA
0 friends
8 reviews

8/25/2017

I have worked with a few private investigation firms, and in my opinion, Empire Pacific Investigative "Mike Hakimi" is the best one...

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