Resale Royalty definition

Resale Royalty means the artist’s resale royalty payable in the UK under the Artist’s Resale Right Regulations 2006;

Resale Royalty has the meaning given in regulation 3 of the Regulations.

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.

Examples of Resale Royalty in a sentence

• Resale Royalty Right Article L334-1 Article L334-1(Act No. 98-536 of 1 July 1998 art.

• In 1976, California passed the California Resale Royalty Act (the Act) — a law that, for the last 39 years, has secured invaluable benefits for talented artists.

• California’s Resale Royalty Act requires the payment of royalties to the artist after a sale of fine art whenever “the seller resides in California or the sale takes place in California.” Cal.

• If the artist cannot be found, the Resale Royalty will revert to the California Arts Council in accordance with state law.

• Turner, The Artist’s Resale Royalty Right: Overcoming the Information Problem, 19 UCLA ENT.

• If California’s Resale Royalty Act continues to be unconstitutional, and whether or not the federal act is enacted, dealers and artists may be more or less aggressive in demanding some portion of the profit on the later sale of a work.

• The California Resale Royalty Act provides that a 5% royalty must be paid to certain artists upon the sale of that artist’s works of art.

• See, e.g., Moral Rights, Termination Rights, Resale Royalty, and Copyright Term: Hearing Before the Subcomm.

• This guide is to give you some pointers and encouragement – look at what others are doing and see if it can be replicated in your area.

• Regarding the topic of Artist’s Resale Royalty Right, the Secretariat presented an update on the ongoing work of the Task Force on the Artist’s Resale Royalty Right.

More Definitions of Resale Royalty

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).

Resale Royalty means the royalty described in subsection 4.2(3);

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.

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.