A royalty fee is a fee for such things as advertising and promotional campaigns and administrative costs.

Name: A royalty fee is a fee for such things as advertising and promotional campaigns and administrative costs.
Brand: Quizplus
Rating: 4.8 (49 reviews)

Question

Quizplus · Accepted Answer

A royalty fee is a fee paid by a licensee to a licensor for the use of intellectual property such as patents or trademarks. It is not specifically for advertising and promotional campaigns or administrative costs. However, the terms of each individual licensing agreement can vary.

A Royalty Fee Is a Fee for Such Things as Advertising