Page Navigation
Licensing
Administer all types of licensing deals including content licensing, merchandising, sponsorship and elemental exploitation.
The RightsLogic® Deals module tracks global territories, distribution channels, languages, participation requirements, and deal status from initial negotiation to final execution. Define contract guarantees, royalty expressions, and cross collateralization rules to ensure compliance throughout the life of the deal. The Deals module is tightly integrated with the Asset Maintenance and Products modules to streamline contract entry and maximize revenues.
Key Benefits:
Contract Management:
- Ensure compliance with deal terms.
- Track and manage multiple types of complex licensing deals from initial deal memo through execution.
Deal Memo Generation:
- Automatically generate deal memos in a data or long-form view using standard business terms and templates or by creating custom ones to meet specific needs.
Process Management:
- Streamline business processes with approval workflows, notifications, and reminders triggered by critical milestones and data points.
- Ensure a rapid and painless licensing process by eliminating manual document approval.
Rights Optimization Engine:
- Manage and optimize available rights by capturing complex merchandising and media rights restrictions using customizable elements such as territory, distribution channel, or language.
- Define license periods based on events or date driven milestones and create templates to capture complex payment terms.
- Validate exclusivity conflicts based on available inventory and existing licensing deals.
Rights Definition Templates:
- Create templates of most commonly used rights, territories, and business terms to ease data entry.
Royalties and Backend Participation:
- Generate complex royalty or backend participation formulas using the Expression Builder and user defined system variables.
- Capture royalty expressions for percentages of sales, per unit sales, or tiered sales based on units sold.
- Royalty rates can be assigned by each rights dimension.
Finance:
- Track and manage contractual terms for payments such as license fees, marketing funds and advances.
- Create payment schedules using user defined templates or event based dates.
- Provide a financial overview to legal and licensing users that details overdue payments, missing royalty statements and invoice aging.
Cross Collateralization:
- Define cross collateralization rules across product types, territories, distribution channels or license term.
- Easily manage financial transactions through a consolidated deal summary.
Document Management:
- Store and edit documents, scanned originals, and product images for reference or for use in approval workflows.
- Back up and retrieve documents quickly.