What is another word for payment of royalty?
Pronunciation: [pˈe͡ɪmənt ɒv ɹˈɔ͡ɪə͡lti] (IPA) 
Payment of royalty refers to the remuneration that is provided to the owner of a particular intellectual property for the use of their rights over it. The term 'royalty' encompasses not just the payment of a fixed sum but also any fees, commissions, or other forms of compensation. Some synonyms of payment of royalty include license fees, usage fees, intellectual property fees, authorship fees, artistic fees, patent fees, and trademark fees. Each of these terms embodies the concept of payment made for the use of intellectual property rights. Such payment of royalty can be made through a variety of means such as royalties, license agreements, or contractual arrangements. Ultimately, these synonyms for payment of royalty indicate the importance of recognizing and rewarding the value of intellectual property.
