# Royalty Agreement

**IRI:** https://folio.openlegalstandard.org/R8zFMn1zrVHs3LogvTb1QVD

## Labels

**Preferred Label:** Royalty Purchase Agreement

## 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.

## Sub Class Of

- https://folio.openlegalstandard.org/RC0D5sYWEbeH4f6F0f70uMz

**Deprecated:** False