{"iri":"https://folio.openlegalstandard.org/RBsqO7iW9SmBHyROk4SL1Y0","label":"Royalty Payment","sub_class_of":["https://folio.openlegalstandard.org/RCKOcs51IQGZ9MeUqtONIlc"],"parent_class_of":[],"is_defined_by":null,"see_also":[],"comment":null,"deprecated":false,"preferred_label":"Royalties","alternative_labels":["Intellectual Property Compensation","Intellectual Property Payment","License Payment","Royalty Distribution"],"translations":{},"hidden_label":null,"definition":"A Royalty Payment is a payment made to the owner of a patent, copyright, trademark, or other intellectual property for the right to use, produce, or sell the owner's creation. These payments are typically a percentage of the revenue generated from the use of the intellectual property or a fixed amount per unit sold.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}