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Royalty payment
 | This article includes a list of general references, but it lacks sufficient corresponding inline citations. (October 2024) |
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.[1][2][3][4][5][6][7] A royalty interest is the right to collect a stream of future royalty payments.[8]
A license agreement defines the terms under which a resource or property are licensed by one party to another, either without restriction or subject to a limitation on term, business or geographic territory, type of product, etc. License agreements can be regulated, particularly where a government is the resource owner, or they can be private contracts that follow a general structure. However, certain types of franchise agreements have comparable provisions.[clarification needed]
- ^ "Focus: Tax and Intellectual Property – April 2004". Allens Arthur Robinson. Archived from the original on 3 September 2007. Retrieved 13 September 2007.
- ^ "Royalty (definition)". law.com. Archived from the original on 9 March 2012. Retrieved 13 September 2007.
- ^ United Nations Industrial Development Organization (1996). Manual on Technology Transfer Negotiation. Vienna: United Nations Industrial Development Organization. ISBN 92-1-106302-7.
- ^ Guidelines for Evaluation of Transfer of Technology Agreements, United Nations, New York, 1979
- ^ Licensing Guide for Developing Countries: A Guide on the Legal Aspects of the Negotiation and Preparation of Industrial Property Licenses and Technology Transfer Agreements Appropriate to the Needs of Developing Countries. Geneva: World Intellectual Property Organization. 1977. ISBN 92-805-0395-2.
- ^ UNIDO International Workshop on Technology Transfer Negotiation and Plant Level Technology Needs Assessment, 7–8 December 1999, New Delhi.
- ^ Dave Tyrrell. "Intellectual Property & Licensing". Vertex. Archived from the original on 23 March 2019. Retrieved 14 September 2007.
- ^ "Royalty interest (definition)". Schlumberger. Archived from the original on 29 June 2006. Retrieved 13 September 2007.
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