________ are compensation for the use of intellectual property belonging to some other party.
A)Royalty fees
B)License fees
C)Remittance fees
D)Repositioning fees

Question

Quizplus · Accepted Answer

Royalty fees are typically charged for the use of patented or copyrighted intellectual property belonging to another party. These fees can be calculated as a percentage of revenue, net sales, or manufacturing costs, and are paid to the owner of the intellectual property in question. This allows the party that is using the intellectual property to do so legally and with the permission of the owner, while compensating them for the value of their invention or creation. License fees may also be used interchangeably with royalty fees, but they refer specifically to the legal agreement that grants permission for the use of the intellectual property. Remittance fees and repositioning fees are not relevant to this context.

________ Are Compensation for the Use of Intellectual Property Belonging