...A license agreement defines the terms under which a resource or property such as petroleum, minerals, patents, trademarks, and copyrights are licensed by one party to another, either without restriction or subject to a limitation on term, business or geographic territory, type of product, etc. License agreements can be regulated, particularly where a government is the resource owner, or they can be private contracts that follow a general structure. However, certain types of franchise agreements have comparable provisions. Read full entry
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- Oil and Gas Royalties
- We pay high prices for mineral rights - both producing and non producing.
- www.anthemoil.com
- 1.Royalties - Wikipedia, the free encyclopedia
- Royalties are typically a percentage of gross or net sales derived from use of ... In a patent license, royalties are paid to the patent owner in exchange for a ...
- http://en.wikipedia.org/wiki/R
oyalties
- 2.Royalties: Information from Answers.com
- Royalties Royalties are payments made by one company (the licensee ) to another company (the licensor ) in exchange for the right to use intellectual
- http://www.answers.com/topic/r
oyalties
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What is the difference between Let's say you had an idea that
could be turned into a
successful business. On one
hand, you had someone offering
you equity in the business but
on the other hand you have
someone offering you
royalties.
Which is better equity or
royalties?
Can someone provide me a plain
English explanation as to the
difference between royalties
and equity?
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Equity is basically ownership. If you own equity, you own that idea. An example of equity is being the sole holder of a patent to an idea. On the other hand, royalities are something that you can get after you sell your ownership, or equity. Royalties are basically payments that can be agreed on to expedite a sale of equity. Royalties are generally based on a percentage of profits or sales; for instance, a royalty of 5% on sales of $10 million would be $500,000. Equity is great because you have ownership, and you own the idea, and you can develop it any way you want. However, the downside is that sometimes you don't have the capability to develop it in that way. An example is with someone who has a really good invention patented, and a prototype, but does not have the money to develop and mass-manufacture it. It's great that the inventor has equity, but it won't do him/her anything good. On the other hand, that same inventor could find some investors, and sell his equity of the patent in exchange for royalties. In this case, the investors will buy his patent, and develop it, and exchange, every percentage of money earned through profits/sales (this depends on the agreement) will be paid toward the inventor, who has a royalty agreement with the investors. The downside (for the inventor) is that he no longer owns the idea, in that the investors can now develop it any way they want, and the inventor cannot stop them. Royalties are usually a win-win, because in the inventor is able to develop his idea, and recieve money from it, and the investors will be able to grow the idea, and make sure that it is capable of making profit. |
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How would one go about getting A cousin of mine was in a
bunch of old western shows and
movies. He's been deceased
since the 60s so I'm not sure
if any of his personal effects
would have been held anywhere.
However I'm wondering if
perhaps there are royalties
owed to his estate. Would
there be, and as his closest
living relative, how would I
get anything?
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If your cousin died in the 1960s, and you ARE the closest relative, then you already would have been aware of his estate, or personal effects. Legal heirs are found and notified at the time of a person's death, and are a matter of record. If he had a valid will, when he died, and left it all to his best friend, then any will takes precedence. So.. if his estate went to someone else (legally), then that person has those rights, and any rights FROM THERE would go to the friend/ estate/ relatives. If you really are not sure.. then the route is to verify his date/place of death, and search the probate records for that county, and see what happened to his estate (if there was one). |
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What are acceptable royalties Me and a few of my friends
were recently in a commercial,
playing the main parts, but we
do not have agents or
experience in this field and
we wanted to know what was
appropriate royalties for the
commercial. This is a fortune
500 company's commercial.
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If you do a commercial you get paid a flat rate to do the commercial. There aren't any royalties for every time it is shown. You really should ask an agent for advice the next time you do one to make sure you are being paid enough for your time. |
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