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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