Born to License

Coming Monday: Why 95% of Licensees Fail Their First Audit

David Born Season 2 Episode 7

Use Left/Right to seek, Home/End to jump to start or end. Hold shift to jump forward or backward.

0:00 | 1:05

Preview our conversation with David Schnider, the licensing attorney who's seen it all. From Top Gun's million-dollar success to Disney audit disasters, discover the legal landmines hiding in every licensing contract.

In this preview:
✓ The $100,000 transfer fee surprise
✓ Why selling before approval costs everything
✓ The "inspired by" career killer

Full episode reveals: Complete contract breakdown, audit survival tactics, and Steamboat Willie trademark secrets!

🔔 Subscribe for the full conversation

⏰ Full episode: 11/03/2025

🎙 Born to License – Hosted by David Born

🔹 Sign up for Learn to License 

🔹 Learn More about Born to License

🔹 Learn More about Born Licensing

🔹 Follow David on LinkedIn

🔹 Follow David on Instagram

🔹 Join the Licensing Conversation: #BornToLicense #LicensingIndustry #BrandPartnerships #LearntoLicense

👉 Have a question about licensing? Send it in for our upcoming Q&A episode!

📩 Contact: hello@borntolicense.com


🎧 Subscribe & Follow for new episodes on licensing and the business of IP!

I sold a million dollars of that costume in the first year. I started very traditionally at a large law firm, was a national law firm, about 300 lawyers. And I realized, this is horrible, and I don't want to do this for the rest of my life. 

It took you 10 years? It took me 10 years. 

I had a meeting with Paramount and there was Top Gun. Nobody wanted it. And I took that back to the office to go for it. And she said, what's Top Gun?

Tell me some sneaky red flags that inexperienced licensees often miss.

I think licensees have a tendency to look at the business terms and not both with the legal terms. But there can be a lot of traps in there. Net sales. New licensees come in me thinking they're paying 10% of their profits and they're not. 

One of your clients who saved an enormous amount of money when they were selling their business.

Had we not negotiated that cap, they would have paid at least tens of thousands, if not hundreds of thousands more. This industry is really built on trust.

What's your view on what people can and can't do with Steamboat Willie now that it's in the public domain?