define: royalties
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- Royalties Law and Legal Definition. A royalty is a percentage of gross or net profit or a fixed amount per sale to which a creator of a work is entitled which is agreed upon in a contract between the creator and the manufacturer, publisher, agent and/or distributor.
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- The 70% royalty option is only applicable for books sold to customers in certain countries. For sales to customers outside of the 70% territories, royalties are calculated at 35%, and these transactions appear at a 35% rate in the sales report.
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- A royalty is a payment to a royalty holder by a property owner or an operator of a property and is typically based on a percentage of the minerals or other produc ts produced or the revenues or profits generated from the property.ssume for one ounce of gold, a sales price of $1200 and “all in” operating and ongoing capital costs of $800. Also assume that the royalty holder has a 4% NSR, a 4% NPI or WI or a 4% stream with a pre-determined $400 per ounce purchase cost. NSR.
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copyright copyright (ˈkɒpɪˌraɪt ) noun. 1. the exclusive right to produce copies and to control an original literary, musical, or artistic work, granted by law for a specified number of years (in Britain, usually 70 years from the death of the author, composer, etc, or from the date of publication if later)
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All About Royalties Royalties, mainly on the sale of paper based books, remain the primary source of author income. I’m going to explain the fundamental concepts you need to understand how they work and are calculated. The following is an outline, more like course notes, than a lecture.
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Definitions &Translations Salary. A salary is a form of periodic payment from an employer to an employee, which may be specified in an employment contract. It is contrasted with piece wages, where each job, hour or other unit is paid separately, rather than on a periodic basis.
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INCOME any royalty earned by an individual in connection with any publication of the work of the individual, and that portion of any honorarium which is received for services rendered; and. unearned income means all other income, including—
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- Pronunciation: /ˈsaləri/. A fixed regular payment, typically paid on a monthly basis but often expressed as an annual sum, made by an employer to an employee, especially a professional or white-collar worker: he received a salary of £24,000 [as modifier]: a 15 per cent salary increase Compare with wage.oun (plural salaries). A fixed regular payment, typically paid on a monthly basis but often expressed as an annual sum, made by an employer to an employee, especially a professional or white-collar worker: he received a salary of £24,000 [as modifier]: a 15 per cent salary increase Compare with wage.
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- CP Royalties is a top-rated oil and gas royalty buyer, assisting those interested in selling their mineral rights.
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What is royalty income and how is it taxed? Although there is no blanket equation for royalty taxes, typically royalties received from your work are reported as self-employment income, and are taxed at a higher rate.
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revenue Legal Definition of revenue. 1  1 : the total income produced by a given source a property expected to yield a large annual revenue. 2  2 : the gross income returned by an investment. 3  3 : the yield of sources of income (as taxes) that a political unit (as a nation or state) collects and receives into the treasury for public use.
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Royalty Payment to a Nonresident Alien To be a royalty, a payment must relate to the use of a valuable right. Payments for the use of trademarks, trade names, service marks, or copyrights whether or not payment is based on the use made of such property, are ordinarily classified as royalties for federal tax purposes.
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- Legal Definition of wage. 1  1 : a payment usually of money for labor or services usually according to a contract and on an hourly, daily, or piecework basis —often used in plural. 2  2 pl : the share of the national product attributable to labor as a factor in production.
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Tuition & Financial Aid $ 7,450 basic double room. $ 4,766 anytime access meal plan. $ 274 student activity fee. $62,368 TOTAL. Keep in mind that this comprehensive fee may not be the true cost to your family. We evaluate each student's financial circumstances as we determine financial aid.62,368 TOTAL. Keep in mind that this comprehensive fee may not be the true cost to your family. We evaluate each student's financial circumstances as we determine financial aid.
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Music Royalties Guide Royalty Exchange gives you the tools to buy and sell music rights. Learn how to control your income on royalties and gain better returns than paid advances or l To start thinking about music in legal terms, it's important to realize that there are two types of musicians: songwriters and performing artists.
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Definitions &Translations Salary is a fixed amount of money or compensation paid to an employee by an employer in return for work performed. salary is a form of periodic payment from an employer to an employee, which may be specified in an employment contract.
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Royalties Law and Legal Definition Royalty agreements are intended to benefit both the licensor (the person receiving the royalty) and the licensee (the person paying the royalty). For the licensor, signing a royalty agreement to allow another company to use its product or intellectual property can mean expanding into a new market, or increasing market share in an existing market.
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About Franchise Royalties Also, these payments are collected to pay expenses that are incurred at the franchisor's headquarters such as rent, utilities, and employee compensation. Furthermore, the royalty payments can enable the franchise company to extend its products and services into other regions and possibly into other countries.
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- (ˈrɛvɪˌnjuː) n. 1. (Economics) the income accruing from taxation to a government during a specified period of time, usually a year. 2. (Government, Politics & Diplomacy) a. a government department responsible for the collection of government revenue. b. (as modifier): revenue men.
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Landowner's Guide to Oil & Gas Leasing Royalty - Your share of the production from beneath your property. This will be referred to in the lease as a fraction - usually 1/8 of the value of the oil and/or gas produced and sold. Shut-in Royalty - Payment in lieu of a production royalty.
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First Selectman's Salary Reaches Big-city Level ``It diminishes the words `public servant.'''. In towns similar in population to Simsbury, the salary range for first selectmen or mayors for fiscal 2005 is from $101,475 in affluent Westport to $45,000 in Norwich, according to the Connecticut Conference of Municipalities.
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Definition of Wages Definition of Wages. Wages are defined as payment for services or labor to a worker, especially remuneration that is paid on an hourly, daily or weekly basis, or by the piece. When an employee is paid a fixed weekly or monthly wage, it is usually referred to as a salary. As it applies to workers' compensation, wages include all forms of remuneration that are payable to an employee by their employer over a given period for personal services. In most instances, wages also refer to what an employee is paid on an average hourly or weekly basis.
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Salary Law and Legal Definition Salary Law & Legal Definition. Salary is financial compensation an employee receives for performing the job, and part of an employee compensation package. Salary can be on an hourly, daily, weekly, monthly, or yearly basis.Salary may also include overtime pay, bonuses, and commissions.alary is financial compensation an employee receives for performing the job, and part of an employee compensation package.
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How Music Royalties Work Recording-artist mechanical royalties. Recording-artist royalties (and contracts) are extremely complex and a hotbed of debate in the music world. From the outside, the calculation appears fairly simple. Artists are paid royalties usually somewhere between 8% and 25% of the suggested retail price of the recording.
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Royalties Many inventors fail to understand that a royalty percentage does not guarantee a royalty income. Your royalty percentage is the agreed share of the company's income from your invention that you will receive under the terms of the licensing agreement. But your royalty income depends entirely on sales. You might have negotiated a high royalty percentage but if the company makes no sales, you receive no income.
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Royalty Payments How Royalties Work. Generally, royalties work by a licensor/inventor contracting with a licensee to allow the licensee to manufacture or sell a patented product in exchange for royalties. Usual and customary royalties are around 5% of net sales of the licensee to be paid to the licensor.