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This is on top of what is expected to be a 27% increase in the music royalty fee some time in 2013.
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As everyone knows, copyright laws exist to protect owners of the copyrighted work from having their music or films downloaded without paying their rightful owner a royalty fee.
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The university will collect a 10% royalty fee.
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"It's simply not fair and not right what some of them are doing by saying, I've got lots of sales here in the UK but I'm going to pay a sort of royalty fee to another company that I own in another country that has some special tax dispensation, " he said.
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Gene patents are potentially even more lucrative and the challenge here is the patent protection that prevents other companies from advancing genetic research without paying a royalty or licensing fee.
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License agreements typically have a 10-year term, and require the licensee to pay the owner of the technology some combination of an upfront fee, royalty payments based on sales, and per diem and travel expenses of the engineers who help transfer the know-how and technology.
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Despite the momentum in favor of the MusicFIRST Coalition, more than half of the House of Representatives has signed on to a resolution that opposes "any new performance fee, tax, royalty, or other charge" on AM and FM broadcasters.
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In addition, they have written statutes and regulations that require taxpayers to prove not only that foreign levies are income taxes but also that no amount of the payment is a fee (such as a royalty) for a specific economic benefit.
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Qteros and Praj will ask for an up-front licensing fee and then a percentage of the cash flow, a kind of royalty, from the ongoing operation.
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