royalty
(noun)
Regular payment made from the franchisee to the franchisor for the right to be a franchisee.
Examples of royalty in the following topics:
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Fon
- Much of the art work of the Fon revolved around the royalty.
- Much of the art work revolved around the royalty.
- These were not solely designed for royalty and chiefs, temples, and other important buildings had similar reliefs.
- In addition, the cloth appliqué of Dahomey depicted royalty often in similar zoomorphic representation and dealt with matters similar to the reliefs, often the kings leading during warfare.
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Disadvantages of Franchises
- Thus, the company's focus was on profits through fees and sales to franchisees rather than royalty payments.
- - Franchisees have to pay a significant percentage of their revenues to the franchisor: On top of the upfront money needed to start a franchise, the franchisee must pay fees and royalties to the franchisor.
- Royalties are paid periodically during the life of the franchise agreement.
- - Other franchise costs: In addition to royalties and payments, the franchisee may be required to buy certain items from the franchisor like computer systems and software.
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Goya
- He later moved to Madrid where he studied with another painter, Anton Raphael Mengs, who was popular with Spanish royalty.
- During this time, he painted numerous portraits for Spanish royalty and nobility which have been noted for their tendency not to flatter their subjects.
- Art historians have pointed to the fact that the faces of royalty depicted by Goya are often very plain or flawed in appearance.
- He continued his work for royalty while also working on this personal collection of politically charged and haunting painting and print work.
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Textiles of the Inca
- Qunpi, a finer cloth, was divided into two classes: it would either be made of alpaca wool and collected as tribute for use by royalty, or it would be woven from vicuña wool and used for royal and religious purposes.
- Royalty was clearly distinguished through decorative dress.
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Contributor License Agreements
- But in both types, the core language is the same: the contributor grants the project "...perpetual, worldwide, non-exclusive, no-charge, royalty-free, irrevocable copyright license to reproduce, prepare derivative works of, publicly display, publicly perform, sublicense, and distribute [the] Contributions and such derivative works."
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Revenues
- Some companies receive revenue from interest, dividends or royalties paid to them by other companies.
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Types of Franchises
- In return, the business owners pay fees and royalties.
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Franchise Agreements
- Franchisee Payments, such as: Initial License Fee, Training Fees, Marketing Fund, Royalties, Renewal fee, and Transfer fee
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Relationship Between Output and Revenue
- Companies can also receive revenue from interest, royalties, and other fees.
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Current Guidelines for Revenue Recognition
- Revenue from the use of the company's assets such as interest earned for money loaned out, rent for using fixed assets, and royalties for using intangible assets, such as a licensed trademark.