Royalty Payment
A Royalty Payment is a payment made to the owner of a patent, copyright, trademark, or other intellectual property for the right to use, produce, or sell the owner's creation. These payments are typically a percentage of the revenue generated from the use of the intellectual property or a fixed amount per unit sold.
Also known as
Royalties, Intellectual Property Compensation, Intellectual Property Payment, License Payment, Royalty Distribution
Ancestry path
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