Fair royalty definition

Fair royalty means appropriate and proportionate remuneration based on the totality of the circumstances, including:
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Fair royalty means appropriate, which includes buy-outs in exceptional circumstances and proportionate remuneration in the form of a percentage of gross revenue earned from exploiting the work or performance. Fairness is to be determined based on the totality of the circumstances, which may include:
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Examples of Fair royalty in a sentence

  • This should include any information about why you are running for Fair royalty, your goals, your school and your involvement in extracurricular activities.

Related to Fair royalty

  • Overriding Royalty Interest means an interest in the natural gas and oil produced under a Lease, or the proceeds from the sale thereof, carved out of the Working Interest, to be received free and clear of all costs of development, operation, or maintenance.

  • Royalty Payments has the meaning set forth in Section 7.3.1.

  • Royalty Payment has the meaning set forth in Section 6.1.

  • Minimum Royalty means the minimum royalties set forth in Schedule 1. Each Party represents and warrants that: it has the full legal right, power, and authority to execute, deliver, and perform its obligations under this Agreement, and has taken or will take all necessary actions to do so; and its performance of this Agreement constitutes legally binding obligations and will not result in: (i) a breach or default under any agreement or commitment to which it is a party or by which it is bound; or (ii) a violation of any applicable law, regulation, court order, or government directive.

  • Royalty Interest is defined in Section 1.01.