Definition[]
A royalty rate is "a rate of payment to be made to someone in exchange for certain rights granted by that person."
A royalty rate is
| “ | [p]ercentage applied to the price of a product (or alternative royalty base) to determine the amount of the royalty.[1] | ” |
Overview[]
A royalty rate can be a fixed amount per transaction, a fixed amount per time period, or a percentage of sales, revenues, or other amount related to the exploitation of the rights granted.