The quintessence: Be prepared to insert appropriate audit provisions into your software licenses. They save you a lot of trouble and money! As with any material breach of a licence agreement, the licensee should have the right to terminate the contract if the examination rights are not respected and/or if payment of the amounts identified is not immediate. In order to verify that all royalties are reported in a timely and accurate manner, the chartered accountant shall have the right to consult all the licensee`s books and records, including, but not limited to, financial reports, the main register, all periodicals and registers, as well as all commercial documents supporting the transactions identified in such records. The relevance of the information is left to the discretion of the auditor and is not subject to the approval of the lessee. Whether it is resource restrictions or a more shameful intention to conceal information, licensors often disagree at the beginning of the audit on what information will be made available to the auditor and how the information is provided. If you take these points into account more explicitly before a dispute arises, you save both money and time when the exam takes place. If the review of the licence reveals that there is or may exist a licence deficit, the parties will often enter into negotiations and enter into settlement agreements that may occur in different forms. However, it is important to consider the scope of such an agreement. The parties intend to settle the past dispute and waive all rights, rights and claims; and/or do they want to fill the license gap for the future? Of course, the former provides greater legal certainty, as this scenario will definitively settle the dispute. Fulcrum Inquiry performs a wide range of forensic accounting, including license checks and fraud investigations. Difficulties may arise if the licensor and licensee interpret the metrics differently, particularly in the case of previous licensing agreements whose wording may be outdated and which must apply to new technologies and interfaces in a way that was not foreseen at the time of the initial signing of the contract. . .