royalty free
English translation: See explanation below...
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| 12:37 Jul 20, 2010 |
| English language (monolingual) [PRO] Law/Patents - Law: Contract(s) | |||||||
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|  Selected response from: Tony M France Local time: 06:24 | ||||||
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| SUMMARY OF ALL EXPLANATIONS PROVIDED | ||||
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| 4 +7 | See explanation below... |
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| Explanation |
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Answers
12 mins confidence: 
peer agreement (net): +7
peer agreement (net): +7See explanation below... Explanation: When you are granted a license, sometimes you also have to pay royalties on the things you sell / make under it. So for example, X might grant a licence to Y to produce an article under X'x patent. Y will pay € NN for the license, plus royalties of € M per article manufactured. In this case, the license is considered 'fully paid up', and in addition, there will be no royalties to be paid subsequently. -------------------------------------------------- Note added at 4 hrs (2010-07-20 17:07:16 GMT) -------------------------------------------------- The link kindly provided below by Tom Fudge explains it more 'officially' — though I have to confess, I had to read it three times before I followed it (I think!) Anyway, it seems to be saying roughly what I was trying to explain above, with of course added detail! |
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