What does it mean to get paid royalty

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Mathematics

Alfonso Gallegos

28 February, 03:23

What does it mean to get paid royalty

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Drew Woodard · Answer 1

A royalty is a payment made by one party (the licensee or franchisee) to another that owns a particular asset (the licensor or franchisor), for the right to ongoing use of that asset ... A royalty interest is the right to collect a stream of future royalty payments.