Question 1: How license royalty is calculated ?
Overall the royalty is calculated as a percentage of retail or wholesale volume.
In general, royalty payment is paid twice a year or once at the beginning of the contract year. It varies different licensors.
In general, advance royalty will be either 50% of the yearly minimum guaranteed royalty, or full amount of the annual guaranteed royalty depending on different licensors.
Overall the royalty is calculated as a percentage of retail or wholesale volume.
Question 2: Where to pay the due royalty payment ?
You can wire the payment to bank account in your country location.
In general, royalty payment is paid twice a year or once at the beginning of the contract year. It varies different licensors.
Question 4: What is the advance royalty payment ?
The "Advance" royalty is money paid upon the agreement being signed.
In general, advance royalty will be either 50% of the yearly minimum guaranteed royalty, or full amount of the annual guaranteed royalty depending on different licensors.
Question 6: What is minimum guaranteed royalty ?
Minimum guaranteed royalty is the least money that has to be paid by licensee a regardless of the sales volume at all in order to obtain the rights to enter an agreement.