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A royalty is a payment made by one party, the licensee or franchisee to another that owns a particular asset, the licensor or franchisor 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 stream of future royalty payments.
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.

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    QLD Royalties still due if not using the IP

    A contract states royalties are to be paid by a Licensee for the use of specific IP. Early in the term of the contract the Licensee ceases to use the IP. Can the Licensor defend asking for the contracted royalties?
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    Selling stock music / royalty free music

    Hi, I have a question about selling stock music / royalty free music. I am a music composer selling my music through royalty-free music websites. I really like the concept but it is a slow process and they take a big cut, so I'm trying to find out how complicated it is to start my own stock...
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    VIC Reducing Royalties by subsidising shipping

    Hi, I'm receiving net sales royalties for product I created and sold to a publishing company. The licensee owns the publishing company but also owns the shipping company that ships the product. He is subsidising shipping by cutting into the list price of the product. For example a products...