Royalty
Legal definition for Indian law research
Definition
royalty
pl: -ties
1 : a right delegated (as to an individual or corporation) by a sovereign
2 a : a share of the profit or product reserved by the grantor esp. of an oil or mineral lease compare overriding royalty
b : a payment made to an author or composer for each copy of a work sold or to an inventor for each article sold under a patent
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.