Search results
We did not find results for: define royalty payment.
Check spelling or type a new query.
We did not find results for: define royalty payment.
Check spelling or type a new query.
Form of payment for use of artistic works
A royalty payment is a payment made by one party to another that owns a particular asset, for the right to ongoing use of that asset. Royalties are typically agreed upon as a percentage of gross or net revenues derived from the use of an asset or a fixed price per unit sold of an item of such, but there are also other modes and metrics of compensation. A royalty interest is the right to collect a ... Wikipedia