Royalties

Royalties are payments made by one party (the licensee) to another (the licensor) for the right to use their intellectual property, creative works, or physical assets. These payments are typically structured as a percentage of revenue, a fixed fee, or based on the volume of usage.

What You Need To Know

Royalties incentivize innovation and creativity by ensuring that creators, inventors, and property owners receive ongoing compensation for their work or assets. Payments made to the original creator of a non-fungible token (NFT) each time it is resold on the secondary market.