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Answer Posted / vidhya
Royalty is a payment made to an other party under which an
agreement has been signed between two parites on a mutal
agreement. The Royalty will be paid on the agreed value.
Even if the agreed value is not achieved then the party has
to pay the amount to the other. If it exceeds then the
amount has to be paid for the actual value.
| Is This Answer Correct ? | 15 Yes | 3 No |
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