Royalty Afeethat one receives in exchange for allowing another party to use andprofitfrom one'sproperty. For example, a publisher who prints andsellsa book must compensate the author for use of his/her intellectual property. Usually a royalty is a percentage of therevenueor profit that the othe...
Royalty Expenses - 1% on the Total Income of the Licensee, subject to a limit of 5% on Profit before Tax and License Fee and subject to a minimum of ` 5 lacs, in a financial year, with effect from April 01, 2017. Disallowance of Royalty Expenses –Adjusted Gross Income Tax.Taxpayer ch...
For the avoidance of doubt, the CREFC® Intellectual Property Royalty License Fee shall be payable from the Lower-Tier REMIC. Royalty means an interest in an oil and gas lease that gives the owner of the interest the right to receive a portion of the production from the leased acreage (...
to be elevated to royalty. a person of royal lineage; member of aroyal family. royalties,Archaic.prerogatives, rights, or symbolic emblems of a king, queen, or other sovereign. a royal domain; kingdom; realm. character or quality proper to or befitting a sovereign; nobility. ...
The meaning of PATENT is open to public inspection —used chiefly in the phrase letters patent. How to use patent in a sentence. Synonym Discussion of Patent.
Often employees who invent something in the course and scope of their employment transfer and assign their property rights in the invention to their employer. In addition, a patent holder, or patentee, can grant a license to another to use the invention in exchange for payment or a royalty....
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of its value. Company-owned outlets yield a greater profit to the franchisor than the royalty payments received from the franchisee. Other franchisees claim that their licenses have been revoked or not renewed upon expiration because they complained to various state and federal agencies of the ways...
A licensing fee can also refer to a sum paid to use intellectual property of various kinds, such as acopyrighted work, like a photograph or a logo, that is owned by someone else. For example, a T-shirt company that wants to sell shirts imprinted with a certain Major League Baseball team...
The exclusivity or non-exclusivity of a given arrangement. Scaling terms, such that new royalty fees will be incurred if the property is reused a certain number of times. For example, a book publisher may enter a licensing agreement with another party to use a piece of artwork on the hardco...