Resale Royalty definition

Resale Royalty has the meaning given in regulation 3 of the Regulations.
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Resale Royalty means the artist’s resale royalty payable in the UK under the Artist’s Resale Right Regulations 2006;
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Resale Royalty means the royalty described in subsection 4.2(3);
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Examples of Resale Royalty in a sentence

  • The Resale Royalty is intended to be deducted and paid pursuant to the smart contract implemented in the Code whenever the Artwork is resold after the initial sale.

  • You may resell the NFT on any platform or in any marketplace that recognizes the Resale Royalty (defined below) built into the NFT’s smart contract.

  • There is a ten percent (10%) resale royalty (the “Resale Royalty”) embedded in the smart contract, and that Resale Royalty will be paid out of any gross amount you receive when you sell or transfer this NFT.

  • For example, for any sale of the Artwork, following the original sale, to a subsequent purchaser for 1.0 ETH, the Resale Royalty due will be 0.075 to the Artist and 0.025 ETH to Outland.

  • If you sell or transfer this NFT on a marketplace or in a manner that does not automatically recognize and send the Resale Royalty to ARSNL for the Artist’s benefit, you may be held personally responsible for the amount that should have been paid to ARSNL for the Artist’s benefit upon resale.

  • We will then refund the price and any amount paid to us that represents a royalty due to the Work's author upon the resale of the Work ("Resale Royalty").

  • The refund of the price or the return of the Artwork as the case may be) together with any Resale Royalty will constitute your sole remedy and recourse against Albion with respect to any claims made by third parties in relation to any Artwork.

  • The Resale Royalty is intended to be deducted and paid as reported by the smart contract implemented in the Code whenever the Artwork is resold after the initial sale.

  • All amounts paid will be repaid including any amount which represents a royalty due to the Artwork's author upon the resale of the Artwork ("Resale Royalty").

  • For example, for any sale of the Artwork, following the original sale, to a subsequent purchaser for 1.0 ETH, the Resale Royalty due will be 0.05 ETH to the Artist and 0.025 ETH to Outland.


More Definitions of Resale Royalty

Resale Royalty means the royalty amount Licensor shall receive for each resale of an NFT by the Owner or any Secondary Acquirer, equal to fifteen percent (15%) of the purchase price, taken from the Owner’s or any Secondary Acquirer’s sale proceeds. For clarity, Licensor shall be entitled to receive the Resale Royalty pursuant to any sale of the NFT, whether or not such sale is associated with a Permitted Transfer (i.e., regardless of whether the rights to the Digital Object is transferred to a Secondary Acquirer). Owner shall pay any and all transaction fees, payment transfer fees and taxes (other than taxes on Licensor’s net income) associated with the sale of the NFT and shall not deduct any such amounts from the amount paid to Licensor as the Resale Royalty. To the extent a smart contract associated with the NFT is programmed to automatically transfer the Resale Royalty to Licensor, payment shall be deemed made when and if such Resale Royalty is actually paid to Licensor.
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Resale Royalty means a royalty equal to ten percent (10%) of the gross proceeds derived from any and all sales of the NFT (or any other portion of the Transferred Rights) after the First Sale (each such sale, a “Resale”), regardless of the marketplace, platform, or method used for any such Resale.
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Resale Royalty means the royalty amount Subjects shall receive for any sale of a Subjects™ NFTs by the Owner, equal to seven percent (7%) of the purchase price, taken from the sales proceeds of the Owner and any and all Secondary Acquirers who become Owners. Owner shall pay any and all transac- tion fees, payment transfer fees and taxes (other than taxes on Subjects’ net income) associated with the Permissible Transfer and shall not deduct any such amounts from the amount paid to Subjects as the Resale Royalty. To the extent a smart contract associated with the Subjects™ NFTs is programmed to automatically transfer the Resale Royalty to Subjects, payment shall be deemed made when and if such Resale Royalty is actually paid to Subjects.
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Resale Royalty means the royalty amount License shall receive for any sale of the NFT by the Owner, equal to 2.5% of the purchase price (taken from the Owner’s proceeds upon sale of the NFT).
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