# Royalty Payment

**IRI:** https://folio.openlegalstandard.org/RBsqO7iW9SmBHyROk4SL1Y0

## Labels

**Preferred Label:** Royalties

**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.

## Sub Class Of

- https://folio.openlegalstandard.org/RCKOcs51IQGZ9MeUqtONIlc

**Deprecated:** False