Definition of Royalty

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TeachMeFinance.com - explain Royalty



Royalty

The term 'Royalty' as it applies to the area of energy can be defined as ' A contractual arrangement providing a mineral interest that gives the owner a right to a fractional share of production or proceeds therefrom, that does not contain rights and obligations of operating a mineral property, and that is normally freeand clear of exploration, developmental and operating costs, except production taxes'.

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Royalty cost
Royalty interest
Royalty interest (including overriding royalty)
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About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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