Royalty- a sum paid to a patentee for the use fo a patent or to an author or a composer for the use of their copyright.

Mechanical royalties Mechanical royalties are paid to songwriters or publishers. Songs can be licensed for audio products, including CDs, digital recordings, vinyl or even cassettes. These products generate royalties when they are sold. However, these royalties are typically based on sales of goods rather than production. For example, if the CD is never sold, you wouldn’t earn any royalties.

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