A Guarantee is the minimum Royalty Payment that a Licensee is contractually obligated to pay a Licensor over the term of the agreement. Guarantees may be paid one time, quarterly, semi-annually or annually, are nonrefundable and can be credited against future Earned Royalties in the form of an Advance.
RoyaltyZone provides an easy way to enter, monitor, and enforce advances and guarantees. Click on any image below to enlarge it:
Capture and track the guarantee payment schedule. You'll be reminded by email when payments are due.
You'll be prompted to create invoices as payment milestones are reached.
Create and send electronic invoices for Advance or Guarantee payments.
Keep track of all invoice and royalty payments that count towards satisfying the guarantee.
Monitor every credit and debit to the recoupable balance.
Both licensor and licensee are warned if there is an unpaid invoice that affects the recoupable balance on a royalty report.
Click on any of the tutorial links below to learn how you can use RoyaltyZone to enter, monitor, and enforce royalty advances and minimum royalty guarantees:
How do I enter a one time Advance?
How do I enter a non-recoupable minimum Guarantee?
How do I create an invoice for an Advance or Guarantee?
How do I make changes to an Advance or Guarantee via Amend?
How do I view Advance or Guarantee balances?
How do I enter historical Royalties or make a Royalty adjustment?
