(A) Compensation that is determined by taking a percentage of revenue or sales. Used frequently in the licensing of intellectual property such as patent and copyright. (B) A compulsory payment per statute where a licensee who wishes to use the property must pay a royalty, at the compulsory rate, for its use. Law Dictionary - Alternative Legal Definition A payment reserved by … [Read more...] about ROYALTY
R
RULES OF A PRISON
Certain limits without the walls, within which all prisoners in custody in civil actions were allowed to live, upon giving sufficient security to the marshal not to escape. Rules of the king's bench prison. In English practice. Certain limits beyond the walls of the prison, within which all prisoners in custody in civil actions were allowed to live, upon giving security by … [Read more...] about RULES OF A PRISON
ROYALTY-FREE
A license term where one is given a license to use the intellectual property of another without having to pay any additional fees. … [Read more...] about ROYALTY-FREE
RR
Resource Rent … [Read more...] about RR
RSVP
An abreviation of the French term … [Read more...] about RSVP