the A royal family is the extended family of a monarch. Generally, the head of a royal family is a king or queen regnant. The term imperial family more appropriately describes the extended family of an emperor or empress regnant, while the terms ducal family or princely family are more appropriate...
royal family of a country with a For related meanings see also Monarch (disambiguation) A monarchy, (from the Greek monos archein, meaning one ruler) is a form of government that has a monarch as Head of State. The distinguishing characteristic of monarchies is that the Head of State holds his office for life, unlike in republics, where...
monarchy
Royalty may refer to either: the royal family of a country with a monarchy the payment made to the owner of a copyright, patent, or trademark, for the use thereof This is a disambiguation page — a navigational aid which lists other pages that might otherwise share the same title...
royalties the payment made to the owner of a The copyright symbol is used to give notice that a work is covered by copyright. A copyright is a form of intellectual property that grants its holder the sole legal right to copy their works of original expression, such as a literary work, movie, musical work or sound recording, painting...
copyright, A patent is a set of exclusive rights granted by a government to an inventor or applicant for a limited amount of time (normally maximum 20 years from the filing date, depending on extension). The term patent originates from the latin word patere which means to lay open (to public...
patent, or The Bass Red Triangle, was the first trademark registered in Britain in 1876. A trademark (Commonwealth English: trade mark)1 is conventionally a distinctive sign of some kind, whether that sign comprises a name, word, phrase, logo, symbol, design, picture, styling or a combination of one or more of these...
trademark, for the use thereof
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Licensees in their standard contracts often propose a royalty rate of only half the amount being offered on a wholesale sale when the sale is at retail.
Thus, if royalties were due within 30 days from when the goods were shipped, versus when the licensee receives payment from its retail customers, it could make the difference in receipt of royalty payments for the licensor of a period of several months.
If the royalty is not adjusted upward for an FOB transaction, the actual royalty being paid to the licensor (if based on the same percentage point such as 6 percent) is significantly less than the standard wholesale royalty.