MANAGEMENT

Detailed explanation-1: -Royalty refers to a contractual payment by a person for the use of assets belonging to another person. The payment includes royalty for the use of intangible assets, such as copyrights, trademarks, or franchise model agreements.

Detailed explanation-2: -A royalty payment is a regular fee paid by a licensee to a licensor, in exchange for the use of the licensor’s intellectual property. This happens when both parties enter into a licensing deal, which could be as part of a franchising arrangement or as a more standard intellectual property licensing agreement.

Detailed explanation-3: -1. the rank, status, or power of a king or queen; royal position, dignity, etc.; sovereignty. 2. a royal person or, collectively, royal persons. 3.

Detailed explanation-4: -Royalty Statement means the statement of Royalties provided by the Publisher to the Developer under this Agreement; Sample 1Sample 2Sample 3. Royalty Statement shall have the meaning set forth in Section 4.03(a).