what is meaning of royalty?

Question

Also in above context , what is the difference between use and right to use a copy right?

Answer 1

A royalty is the share paid to a writer out of the proceeds resulting from the sale of his or her work.

The difference is one is legal and the other is illegal.

It's the Law that you must be granted rights from an author, composer, playwright, publisher, or distributor to do any exclusive publication, production, sale, or distribution of a literary, musical, dramatic, or artistic work.

Hope this help. Good luck

Answer 2

Royalties, sometimes simply referred to as 'royalty', is typically the sum of money paid to the proprietor or Licensor of Intellectual Property (IP) Rights for the benefits derived, or sought to be derived, by the user (the Licensee) through the exercise of such rights. Royalties may be paid for the use of copyright, patent, trademark, industrial design, procedural knowledge or a combination of them. However, the term has also a much wider application and can cover mining royalties, performance of art royalties, etc.

Answer 3

The word under reference has three different meanings as follow":

(1) A royal family (by extension the ruling house of any
monarchy, regardless of the title), or one or more of its
members.

(2) Royalties, the payment made (originally to the licensing
crown) for a concession of commercial value (e.g. mining
rights) or to the owner of a copyright, patent, trademark
or know-how for its use.

(3) A type of country subdivision used on Prince Edward
Island in Canada.

Answer 4

Royalty is a term often used in book publishing domain. It is an amount paid by book publisher to the book writer for every book sold out in open market.