Glossary
Royalty
Tags: Glossary,
A fee paid for the use of intellectual property such as a patent or trademark.
Ready to get started?
Al Sharqi Shipping is a leader in the logistics industry with more than 30 years of experience in guiding and moving freight across the globe.
What does Royalty refer to?
In the context of shipping, royalty refers to a fee or payment made by a manufacturer or distributor to the owner of intellectual property such as patents, trademarks, or copyrights. Royalties are often paid as a percentage of the revenue generated by the product or service that uses the intellectual property. Royalties can be a significant cost for manufacturers and distributors, particularly in industries such as pharmaceuticals, electronics, and software.
Related Glossary terms
Share the Article