{"iri":"https://folio.openlegalstandard.org/R8zFMn1zrVHs3LogvTb1QVD","label":"Royalty Agreement","sub_class_of":["https://folio.openlegalstandard.org/RC0D5sYWEbeH4f6F0f70uMz"],"parent_class_of":[],"is_defined_by":null,"see_also":[],"comment":null,"deprecated":false,"preferred_label":"Royalty Purchase Agreement","alternative_labels":[],"translations":{},"hidden_label":null,"definition":"A Royalty Agreement is a contract between two parties where one party agrees to pay the other for the use of intellectual property or physical assets. The payment, often a percentage of revenues from using the asset, is termed as royalty.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}