royalty payment
Inventor's earned share
A royalty payment is money paid to an owner for the ongoing use of their property—typically intellectual property like patents, copyrights, or trademarks, or natural resources like minerals or oil.
Authors receive royalties from book sales, musicians from recordings, landowners from drilling.
The payment is usually a percentage of revenue or a fixed amount per unit: The contract guarantees a 15% royalty payment on net sales.
- music royaltiesPayments to artists for use
- commissionPayment for services rendered
- licensingGranting official permission
- copyrightExclusive reproduction rights
- patentObvious; inventor's monopoly
earnings · passive income · fair share · percentage · residuals · publishing · streaming · songwriter · author · rights holder · inventor · trademark · revenue · payout · mechanical · sync · advance · catalog
royalty paymentone-time purchase
Single payment acquisition
lump sum payment · flat fee · buyout · fixed payment · upfront payment
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