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Wordevoll Posted 18 years ago
Hello I really hope you could help me a little.
Net Smelter Return Royalty (NSR)
...The NSR which may be payable to a party (the “Payee”) by a party (the “Payor”) shall be calculated and paid to the Payee in accordance with the terms of this Schedule..."
Business & Finance
help with "royalties"
Hello I really hope you could help me a little.
Could you please tell me how I could interpret the next concept:
Net Smelter Return Royalty (NSR)
the context is:"
...The NSR which may be payable to a party (the “Payee”) by a party (the “Payor”) shall be calculated and paid to the Payee in accordance with the terms of this Schedule..."
Cordially.
A.
Top answer
The definition of royalty is: . a) a compensation or portion of the proceeds paid to the owner of a right, as a patent or oil or mineral right, for the use of it. , usually a percentage of the retail price of each copy sold.
- The definition of royalty is: .
- a) a compensation or portion of the proceeds paid to the owner of a right, as a patent or oil or mineral right, for the use of it.
- , usually a percentage of the retail price of each copy sold.
- Suppose I own something that someone else can use.
- Examples are a piece of music (because I composed it), or a patent on an invention (because I invented it), or oil (because I own the land and the mineral rights on the land).
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1 Answers
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The definition of royalty is:
. a) a compensation or portion of the proceeds paid to the owner of a right, as a patent or oil or mineral right, for the use of it.
. b) an agreed portion of the income from a work paid to its author, composer, etc., usually a percentage of the retail price of each copy sold.
Suppose I own something that someone else can use.
Examples are a p
. a) a compensation or portion of the proceeds paid to the owner of a right, as a patent or oil or mineral right, for the use of it.
. b) an agreed portion of the income from a work paid to its author, composer, etc., usually a percentage of the retail price of each copy sold.
Suppose I own something that someone else can use.
Examples are a p
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