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Definition of Royalty, fee

Royalty, fee Definition from Business & Finance Dictionaries & Glossaries
Glossary of petroleum Industry
The lessor's share of oil and gas production, landowner's royalty traditionally one-eighth of gross production free of any cost.
Royalty, fee Definition from Encyclopedia Dictionaries & Glossaries
English Wikipedia - The Free Encyclopedia
A royalty is a payment made by one party (the "licensee") to another that owns a particular asset (the "licensor") for the right to ongoing use of that asset. Royalties are typically agreed upon as a percentage of gross or net revenues derived from the use of an asset or a fixed price per unit sold of an item of such, but there are also other modes and metrics of compensation. A royalty interest is the right to collect a stream of future royalty payments.

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