Royalties

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The Hindu Business Line  4 hrs ago  Comment 
A surge in royalty outflow has prompted the government to set up an inter-ministerial group to analyse payment norms and see whether there is excessive payout by Indian companies to foreign collabora...
WA Business News  Apr 12  Comment 
OPINION: Many angry words have been spoken and written about Western Australia’s shrinking GST allocation, but very little has been said or written about the cause of the shrinkage – iron royalties.
TechCrunch  Apr 4  Comment 
 Spotify has long refused to restrict new releases from its ad-supported non-paying listeners because it would make the streaming app confusing. It wanted all music available to everyone, always. But as it preps to IPO, it needs to negotiate...




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Royalties

Payments made by one party, (the licensee) to another, (the licensor) for the use of assets owned by the licensor. In most cases royalties are periodic payments made for the continual use of assets. The amount of a royalties payment depends on how the two parties have agreed to calculate the royalties owed.

In the oil and gas industry, companies pay landowners a royalty rate for the right to extract natural resources, such as petroleum and natural gas, from the landowner's property. Similar agreements exist in the mining industry for minerals such as copper and silver. [1]

An override is a percentage payout to a person of a mineral interest or mineral lease, that is paid after drilling and production costs are taken out, before paying royalties, or that is paid by an agent or publisher or user to the creator of a work. [2]

From 1550s residuals, “royalties” attested by 1966. [3] Override from "over" + ridan "to ride." Originally literal, of cavalry, [4]

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