What is the formula for calculating royalties?

Royalties are payments for the use of patents, trademarks, copyrights or similar proprietary rights owned by other economic units. What is the formula for calculating royalties? The editor of Legal Savior Network has compiled the following content to answer your questions. I hope it will be helpful to you.

What is the formula for calculating royalties

The formula for calculating royalties is not clearly defined.

Generally speaking, royalties refer to Receive a fee for The right to use:

with Patents, designs, patterns, processes and know-how related to the manufacture of the goods being valued;

Trademarks, registered designs, etc. related to the export sales of the goods being evaluated;

Copyright, copyright, etc. related to the use of the goods being evaluated.

The above-mentioned payment objects can be classified into three categories: rights, information and services. Some of these rights have been recognized, regulated and protected by law (such as patents, copyrights, registrations Trademarks, etc.), some of which have not been recognized by law (such as information, services, know-how).

The "patent rights" mentioned above are the rights granted by the patent registration agency to the inventor or holder to exclusively create, use and transfer technological inventions within a certain period of time; the so-called "trademarks" "Copyright" refers to the right to specifically use specific words, names and patterns to identify a certain product; the so-called "copyright" refers to the production rights owned by the creators of books, artworks, and audio-visual products and their authorized publishers. , the right to publish and distribute the above-mentioned works and copies (excluding royalties); the so-called "non-patented technology" refers to all technical knowledge required to produce a certain product or a certain process technology that enjoys a certain value , experience and skills or their combination, including various design materials, drawings, data, process flows, formulas, etc.

The income an individual obtains when transferring the above rights is the income from royalties.

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