Royalty Agreement
/ˈrɔɪəlti əˌɡriːmənt/
Definitions
- (n.) A contract granting rights to use intellectual property or natural resources in exchange for a percentage of revenue or profit.
The author signed a royalty agreement to receive a portion of book sales.
- (n.) An agreement outlining periodic payments made to the owner of a patent, copyright, or trademark by a licensee.
The music producer negotiated a royalty agreement with the streaming service.
Forms
- royalty agreement
- royalty agreements
Related terms
See also
Commentary
Royalty agreements must clearly define payment terms, royalty bases, and calculation methods to avoid disputes.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.