Hi All,
I would like to know the difference between Royalty and Lease.
This is an general question.
Hi All,
I would like to know the difference between Royalty and Lease.
This is an general question.
A payment made for the use of property, especially a patent, copyrighted work, franchise, or natural resource. The amount is usually a percentage of revenues obtained through its use.
lease
v.tr. leased, leas·ing, leas·es
lease is paid as a compsenation towards usage of the asset in some specific period towards tangible assest
Royalty paid on the basis of use of intellectual property
Thanks kishor, got a clear picture.
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