Royalties are payments made to patent or copyright owners (or other companies) in exchange for the use of their IP (or products and services). Royalties are usually a percentage of sales or a fixed price per item sold.
ACCELERATE YOUR STARTUP LAW KNOWLEDGE!
Startup Law doesn’t have to be a confusing maze. The practical knowledge in "Acceleration: What All Entrepreneurs Must Know About Startup Law" will help you make the smart decisions to protect your startup and its future. Available in ebook and hardcover.
Buy the Book on Amazon