Definition of Royalty fee:
The periodic charge that the owner of a franchised business needs to pay to remain part of the franchise system that provides branding, advertising and administrative support. The royalty fee for a franchise is typically some percent of either the overall or net sales of the business and the payment is required each week, month or quarter.
How to use Royalty fee in a sentence?
- Some people made fun of the band behind the Friends theme song for only having one popular song, but they fail to realize how much the band makes in royalty fee s every time an episode airs.
- He needed to pay the royalty fee , or the business would have to close its doors and go away forever.
- You may need to pay a royalty fee for some products and if you do you must factor that into your budget for them.
Meaning of Royalty fee & Royalty fee Definition