royalty payments

Earnings from licensing

Royalty payments are fees paid to the owner of intellectual property, natural resources, or other assets for the right to use them.

Authors receive royalties based on book sales, musicians on streams and radio play, patent holders on licensed technology.

Oil and mineral rights generate royalties for landowners.

The term comes from the historical right of monarchs to a share of extracted resources: The contract specified quarterly royalty payments of 15% of net revenue.

Opposites
payment structure

royalty paymentsflat fee

Unchanging service charge

lump sum · one-time payment · buyout · upfront payment · fixed price

compensation recipient

royalty paymentslicensing costs

Payments for authorized use

ownership model

royalty paymentswork for hire

Creation owned by commissioner

public domain · royalty-free · open source · creative commons · freeware

Family

payment, royalty

Familiarity
Top 20,000
Profile
Used worldwide · Timeless · Rated G