- Advance against royalties
In the field of
intellectual propertylicensing, an advance against royalties is a payment made by the licensee to the licensor at the start of the period of licensing (usually immediately upon contract, or on delivery of the property being licensed) which is to be offset against future royalty payments.
For example, a book's author may sell a license to a publisher in return for 5% royalties on sales of the book and a $5,000 advance against those royalties. In this case, the author would immediately receive the $5,000, and royalty payments would be withheld until the publisher's takings from selling copies of the book reached $100,000, after which point the 5% royalty would be paid on any additional sales.
In some business areas (e.g. film production), it is common practice for the licensee to demand repayment of any advance that is not covered by royalties, whereas in others (e.g. book publication) this practice is unusual.
Wikimedia Foundation. 2010.
Look at other dictionaries:
Advance payment — An advance payment, or simply an advance, is the part of a contractually due sum that is paid in advance, while the balance will only follow after receipt on the counterpart in goods or services.ee also*Advance against royalties *Pay or play… … Wikipedia
advance — I n. forward movement 1) (usu. mil.) to make; press an advance 2) (usu. mil.) an advance against, on, to, towards (our troops made an advance against the enemy) 3) an advance in (advance in science) 4) an advance into (an advance into new… … Combinatory dictionary
advance — advancingly, adv. /ad vans , vahns /, v., advanced, advancing, n., adj. v.t. 1. to move or bring forward: The general advanced his troops to the new position. 2. to bring into consideration or notice; suggest; propose: to advance reasons for a… … Universalium
аванс роялти — В сфере лицензирования интеллектуальной собственности аванс роялти, который идет в зачет будущих выплат роялти, является единовременным платежом лицензиата лицензиару в начале периода лицензирования (обычно сразу после подписания договора либо… … Справочник технического переводчика
royalty — noun 1 members of a royal family ADJECTIVE ▪ minor (esp. BrE) PHRASES ▪ in the presence of royalty ▪ She behaved as if she were in the presence of royalty. 2 (usually royalties) money paid to an author, etc … Collocations dictionary
Carrie (novel) — infobox Book | name = Carrie title orig = translator = image caption = First edition cover. author = Stephen King cover artist = country = United States language = English series = genre = Horror, epistolary novel publisher = Doubleday release… … Wikipedia
The Book of Ultimate Truths — infobox Book | name = The Book of Ultimate Truths orig title = translator = author = Robert Rankin cover artist = country = United States language = English series = Cornelius Murphy Trilogy genre = Fantasy publisher = Doubleday release date =… … Wikipedia
Fallout 3 — Developer(s) … Wikipedia
franchise — 1) A licence given to a manufacturer, distributor, trader, etc. , to enable them to manufacture or sell a named product or service in a particular area for a stated period. The holder of the licence (franchisee) usually pays the grantor of the… … Big dictionary of business and management
Media and Publishing — ▪ 2007 Introduction The Frankfurt Book Fair enjoyed a record number of exhibitors, and the distribution of free newspapers surged. TV broadcasters experimented with ways of engaging their audience via the Internet; mobile TV grew; magazine… … Universalium