FOLIO Ontology

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Identification

IRI:
https://folio.openlegalstandard.org/RBsqO7iW9SmBHyROk4SL1Y0
Label Royalty Payment
Preferred Label Royalties
Identifier N/A
Alternative Labels
Intellectual Property Compensation Intellectual Property Payment License Payment Royalty Distribution

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.

Class Relationships

Sub Class Of

Is Defined By

N/A

See Also

None

Parent Class Of 0

  • • None

Class Hierarchy Visualization

Interactive graph showing class relationships - click on any node to navigate to that class

Additional Information

Metadata

Comment

None

Description

None

Notes

  • • None

Editorial Information

History Note

None

Editorial Note

None

Deprecated

No

Source and Origin

No source or origin information available