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Definition of Royalty, fee

Royalty, fee Definition from Business & Finance Dictionaries & Glossaries
Glossary of petroleum Industry
The lessor's share of oil and gas production, landowner's royalty traditionally one-eighth of gross production free of any cost.
Royalty, fee Definition from Encyclopedia Dictionaries & Glossaries
Wikipedia English - The Free Encyclopedia
A royalty (sometimes, running royalties, or private sector taxes) is a usage-based payment made by one party (the "licensee") to another (the "licensor") for the right to ongoing use of an asset, sometimes an intellectual property (IP). 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 stream of future royalty payments, often used in the oil and music industries to describe a percentage ownership of future production or revenues from a given leasehold, which may be divested from the original owner of the asset.

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