In recent years, business litigation has been dominated by cases involving contract breeches. Alliance and joint venture agreements contain provisions defining the sharing of assets and distribution networks; the manner in which revenues, costs, and expenses are allocated among the parties; and the allocation of profits. Complexities in today’s accounting systems offer the means to manipulate the reporting of revenues, expenses, and profits benefiting one party over another. In the sports and entertainment industry, growth in profits has led to greater participation by performers, producers, directors, or professional athletes in project profits, licensing, and endorsements. Global economics has created challenges in verifying royalty and licensing agreements since contractual percentages are often limited to only certain products and to specific geographical areas. Contacts are therefore breached by creating product codes or names that camouflage the product subject to royalties or licensing and by utilizing false distribution sites.
How We Can Help
- Identify and quantify breaches of Alliance or Joint Venture manufacturing and distribution contracts.
- Identify and quantify breaches of profit sharing contracts between talent, producers, or directors; and film production or distribution companies.
- Identify and quantify breaches of royalty contracts (verification of sales volume and contractual basis of royalties relating to patents, copyrights, licensing, drilling rights, etc.).
- Identify and quantify breaches of entertainer or professional athlete endorsement contracts.
- Quantify incentive awards for corporate executives.
- Identify and quantify construction contract defects and delays.
- Quantify contractual awards based on increases in business enterprise value.
- Quantify intellectual property disputes.
- Quantify partnership and shareholder disputes.
- Identify and quantify breaches of contract Non-compete Clauses and Non-Disclosure Agreements.
- Identify and quantify breaches in supply agreements.
- Quantify breaches of warranties.
- Quantify loss of profits to a business as a result of a casualty event.