Royalty in United Kingdom

Meaning of Royalty

The following is an old definition of Royalty [1]: A prerogative or superiority of the king; also, the amount due to the lessor of a mine. See Mines. In modern usage, a sumpaid by one who uses the patent of another, at a certain rate for each article manufactured; also, the sum paid per volume by a publisher who prints and sells a book which another has composed and copyrighted.

Resources

Notes and References

1. Concept of Royalty provided by the Anderson Dictionary of Law (1889) (Dictionary of Law consisting of Judicial Definitions and Explanations of Words, Phrases and Maxims and an Exposition of the Principles of Law: Comprising a Dictionary and Compendium of American and English Jurisprudence; William C. Anderson; T. H. Flood and Company, Law Publishers, Chicago, United States)