Austin, Texas (May 18, 2009) RoyaltyZone today announced that it has entered into an agreement with the Boy Scouts of America to provide a web-based software solution for the BSA’s trademark licensing program. RoyaltyZone automates license agreement compliance processes, enabling intellectual property licensors to share license agreement terms, payment schedules, and compliance tasks with their licensees.
Licensees access a web based system to upload licensed product and sales transaction data, calculate royalties owed, submit royalty reports, view invoices and track payment status. Automating these processes can prevent costly errors and eliminate unintentional misreporting and underpayment of royalties.
“Licensee compliance is critical to the strength of the BSA’s brands,” said David Harkins, Associate Director, Business Development, for the Boy Scouts of America. “RoyaltyZone’s ability to monitor and manage licensee compliance will support our efforts to connect the BSA’s brands with the millions of boys and their families who have been influenced by the organization for nearly a century.”
RoyaltyZone’s Software-as-a-Service business model allows users to access the application from any Internet browser, anywhere in the world, without any hardware or software to install. Licensors and Licensees are able to securely share data and communicate with each other on license agreement compliance issues. A flexible pricing model offers a variety of affordable subscription plans for licensing programs of all sizes.
“We are excited to be working with the licensing team at the Boy Scouts of America” said Lou Ellman, chief executive officer of RoyaltyZone. “RoyaltyZone was created to make license agreement compliance easy to manage for everyone involved in the process. We are pleased to assist in the operation of a licensing program that is home to one of the most consistently-recognized brands in America.”
About the Boy Scouts of America
Serving more than 4.1 million young people between 7 and 20 years of age with more than 300 councils throughout the United States and its territories, the Boy Scouts of America is the nation’s foremost youth program of character development and values-based leadership training. For more information on the Boy Scouts of America, please visit www.scouting.org. The use of the corporation name in this document is for the information and convenience of the reader. Such use does not constitute an official endorsement or approval by the Boy Scouts of America of any product or service to the exclusion of others that may be suitable.
RoyaltyZone automates license agreement compliance processes so that trademark, copyright, and patent licensors and licensees can realize the full potential of their intellectual property licensing programs. The company’s web-based Software as a Service (SaaS) application enables the sharing of license agreement terms and schedules, and automates product management, royalty reporting, invoicing, and payment tracking tasks. An innovative pricing model offers a variety of affordable subscription plans for licensing programs of all sizes. For additional information on RoyaltyZone visit www.royaltyzone.com or call 866.605.2219.