Parente Randolph’s Newman, Gering & Press Co-Author Journal of Accountancy Article on Intellectual Property

Glenn S. Newman, Principal in Charge of Parente Randolph LLC’s Forensic & Litigation Services, along with Richard J. Gering, Principal, and Jeffrey N. Press, Senior Manager, co-authored an article that was just released in the Journal of Accountancy entitled “How Reasonable Is Your Royalty?”

The article outlines how a royalty rate may be determined by discussing the factors that govern the hypothetical negotiation between the licensor and licensee. The article relies on the case Georgia-Pacific v. United States Plywood Corp. as a framework for determining royalty rates. The article can be viewed in its entirety on the American Institute of Certified Public Accountants (AICPA) website.