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.

  • Mayor Knier discussed the Big Lake Ambassadors participation in the MN State Fair royalty float, noting how nice it was to see Big Lake represented at the Fair.

  • Fair royalty was asked to keep a log of their travel expenses so that they can be reimbursed for some of their travel expenses.

Related to Fair royalty

  • Royalties means all royalties, fees, expense reimbursement and other amounts payable by a Loan Party under a License.

  • Royalty means an interest in an oil and gas lease that gives the owner of the interest the right to receive a portion of the production from the leased acreage (or of the proceeds of the sale thereof), but generally does not require the owner to pay any portion of the costs of drilling or operating the wells on the leased acreage.

  • Royalty interest owner means a person or the estate of a person, other than a working interest owner, who owns the right to or interest in any portion of the oil and/or gas, or proceeds from the sale thereof, from a tract.

  • Net Sales means [***].