Royalty Payment
type: Class
preferred label: Royalties
alternative label: Intellectual Property Compensation
alternative label: Intellectual Property Payment
alternative label: License Payment
alternative label: Royalty Distribution
subclass of: RCKOcs51IQGZ9MeUqtONIlc
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.