Match the term with its definition.
-Fees paid by the licensee to the licensor for each unit produced under a licensing contract

Question

Quizplus · Accepted Answer

Royalties are payments made by the licensee to the licensor based on the number of units sold or produced under the licensing agreement. This is a common practice in industries such as publishing, music, and franchising, where the use of a patented technology or copyrighted material is involved.

Match the Term with Its Definition