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Royalty Agreement What Is It

Failure to impose or maintain any aspect of this License Agreement does not constitute a waiver of any other aspect of the Agreement. If you own the intellectual property, it only takes you a few minutes to create a license agreement and get paid for your work. You may have a patent or trademark. Or maybe you`re the person who wants to use a poem, logo, or a unique manufacturing process for a while. The owner deserves compensation. A license agreement helps you determine the big things, including the end result. In 1995, Congress introduced the Digital Performance Right in Sound Recordings Act (DPRA), which came into effect on February 1, 1996. .