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royalty or royalties

English translation: Depends on your context

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08:09 Jan 30, 2000
English to English translations [PRO]
Tech/Engineering
English term or phrase: royalty or royalties
...such as interest, royalties, dividends and rentals.
Elissaveta Toteva
English translation:Depends on your context
Explanation:
Royalties have a number of meanings; most often, they refer to the money paid to the owner of a copyrighted work in exchange for its use by another. Musicians and writers of published works have organizations that licence and collect royalties on behalf of their members.

Royalties can also be the amount a company or individual will pay you to license a patent. In most cases the majority of products companies sell are not ones they invented. They form an agreement with the inventor called a license which grants them the ability to manufacture, market, and sell the product. In turn they agree to pay the inventor a set sum of the gross amount that they bring in. This fee is called a royalty.

Hope this helped.
Selected response from:

Michael Estes
Grading comment
thanks a lot
4 KudoZ points were awarded for this answer

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Summary of answers provided
4Depends on your context
Michael Estes


  

Answers


659 days   confidence: Answerer confidence 4/5Answerer confidence 4/5
Depends on your context


Explanation:
Royalties have a number of meanings; most often, they refer to the money paid to the owner of a copyrighted work in exchange for its use by another. Musicians and writers of published works have organizations that licence and collect royalties on behalf of their members.

Royalties can also be the amount a company or individual will pay you to license a patent. In most cases the majority of products companies sell are not ones they invented. They form an agreement with the inventor called a license which grants them the ability to manufacture, market, and sell the product. In turn they agree to pay the inventor a set sum of the gross amount that they bring in. This fee is called a royalty.

Hope this helped.


Michael Estes
PRO pts in pair: 96
Grading comment
thanks a lot
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