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Think licensing is just about paying royalties? Think again. David Schnider, licensing attorney at Nolan Heimann, reveals the legal minefields hidden in every licensing contract. From his journey licensing Top Gun costumes to negotiating Disney deals, David exposes the costly mistakes that can destroy licensing partnerships before they begin. In this episode, learn: The three financial elements that make or break deals Why "net sales" definitions can cost you thousands Transfer fees that eat 25% of your company sale How audits find "mistakes" 95% of the time The approval trap that turns revenue into penalties Insurance requirements that surprise every licensee Why "inspired by" products kill licensing careers From selling outside territories to the Steamboat Willie trademark trap, David shares real client stories and hard-won wisdom from thousands of contracts reviewed. ⚖️ Contact David: nolanheimann.com 📧 Email: [email protected] 💭 What licensing legal issue keeps YOU up at night? 🎙 Born to License – Hosted by David Born Follow David: Instagram: / davidb0rn LinkedIn: / davidborn1 Intro: https://intro.co/DavidBorn Follow Born to License: Instagram: / borntolicense LinkedIn: / born-to-license YouTube: / @borntolicense Website: https://borntolicense.com/ Email: [email protected] Sponsor - Learn to License: Website: https://learntolicense.com/ Instagram: / learntolicense LinkedIn: / learn-to-license Discount code: earlybird25 🎧 Subscribe & Follow for new episodes on licensing and the business of IP! #LicensingLaw #Contracts #LegalAdvice #DavidSchnider #BornToLicense