Ads
related to: royalty fee agreementlegal.thomsonreuters.com has been visited by 10K+ users in the past month
Search results
Results From The WOW.Com Content Network
A royalty payment is a payment made by one party to another that owns a particular asset, 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.
For instance in a product licensing agreement, the licensee may be called upon to pay a lumpsum royalty of $100,000 on execution of agreement together with royalty of 4% of the 'net sales value' for all licensed products for a period of 6 years, commencing 2 years from the date of starting production.
The Royalty Fee could be a percentage of sales revenue or profit or combination of these two, which have to be incorporated in a mid to long term agreement between technology supplier and the OEM. In a project-type (manufacturing) company, large parts (possibly all) of the project represent NRE.
Our provision of those fee-based Services will be governed by the terms you agree to when you register for the fee-based Service and any terms in this TOS not inconsistent with those terms. If you register for a fee-based Service, you must designate a payment method and provide us with accurate billing and payment information.
The fee may be presented on a take-it-or-leave-it basis, but in case of disagreement, the fee may be appealed to the Federal District Court in the Southern District of New York. pre-cleared music music that is covered under a prior agreement allowing distribution and legal use under specific circumstances.
The largest independent software vendor globally, SAP SE (SAP), has decided to increase its royalty fees on some of its largest sales partners to boost revenue returns.