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Pb03 Posted 17 years ago
Vocabulary
License fee / royalty
Hello ~
According to the definition of online dictionaries, "license fee" and "royalty" seems not same, which I didn't expect.
The dictionaries say, "License fee is a payment to government" and "royalty is a payment to government or some party regarding permission of some property."
My question is :
Are the two things actually different ? or
is it just a definition, which can be quite different from the usage of real world ?
I hope I made clear of my question.
Any comments would be thanked.
pb
According to the definition of online dictionaries, "license fee" and "royalty" seems not same, which I didn't expect.
The dictionaries say, "License fee is a payment to government" and "royalty is a payment to government or some party regarding permission of some property."
My question is :
Are the two things actually different ? or
is it just a definition, which can be quite different from the usage of real world ?
I hope I made clear of my question.
Any comments would be thanked.
pb
Top answer
, to profit from your recording of their song. A license fee can be that too, but it's also a fee paid to some authority for permission to perform some specific act. For example, to fish, to carry a concealed weapon, to operate a bar, to drive a car.
- , to profit from your recording of their song.
- A license fee can be that too, but it's also a fee paid to some authority for permission to perform some specific act.
- For example, to fish, to carry a concealed weapon, to operate a bar, to drive a car.
- This could also be called a permit fee .
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3 Answers
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A royalty is a fee paid for permission to make use of someone's intellectual property, eg., to profit from your recording of their song. A license fee can be that too, but it's also a fee paid to some authority for permission to perform some specific act. For example, to fish, to carry a concealed weapon, to operate a bar, to drive a car. This could also be called a permit f
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Thanks...
I wonder why those online dictionaries don't have such explanation, I mean about "license fee." ^^
I wonder why those online dictionaries don't have such explanation, I mean about "license fee." ^^
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They are in fact two different things, though royalty may be considered as part of the license fee. You paid a license fee upfront to the licensor so that you have the permission to use the name and/or logo (or product). On top of that, the licensor may also request that you pay royalty (a percentage of your sal
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