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Royalty

Royalty Definition

Royalty is usage-based payment for ongoing use of an asset, that can also be an intellectual property. It is usually a percentage of revenues obtained from the use of the asset or a fixed price per unit sold of an item. The two types of royalties most commonly used are royalties for the use of copyrights, trademarks, and patents, and royalties from the extraction of oil, gas, or minerals from a certain property.







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