royalty definition

royalty

Compensation, consideration, or fee paid for a license or privilege to use an intellectual property (brand, copyright, patent, process) or a natural resource (fishing, hunting, mining), computed usually as a percentage of revenue or profit realized from the use. See also technology licensing.

royalty is in the Corporate, Commercial, & General Law subject.

royalty appears in the definitions of the following terms: running royalty, crown jewels, portfolio income, unearned income, licensing agreement, income, cross-licensing, residual income, franchising, Bowie Bond and

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