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LSDefine

Simple English definitions for legal terms

leaseholder royalty

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A quick definition of leaseholder royalty:

A leaseholder royalty is a payment made by someone who is renting land to the owner of the land. This payment is similar to a landowner's royalty, which is paid by someone who is using the land for other purposes, such as mining or drilling. The leaseholder royalty is usually set at an agreed-upon price, and it is meant to compensate the landowner for the use of their property. This type of royalty is important because it helps ensure that landowners are fairly compensated for the use of their land, and it helps encourage responsible use of natural resources.

A more thorough explanation:

Leaseholder royalty is a payment made by a tenant to the owner of a property for the right to use that property. This is similar to landowner's royalty, which is paid by someone who wants to extract resources from the land.

For example, if a business wants to rent a storefront, they would pay a leaseholder royalty to the owner of the building. This payment gives them the right to use the space for their business.

Leaseholder royalty is different from established royalty, which is a set price that has been agreed upon. In cases where there is no established royalty, a court will determine what a reasonable royalty would be.

Reasonable royalty is the amount that a licensee would be willing to pay the holder of the intellectual property rights while still making a reasonable profit from its use. This standard is often used to determine damages in cases of patent, copyright, or trademark infringement, or for misappropriation of trade secrets.

For example, if a company is found to have infringed on a patent, they may be required to pay a reasonable royalty to the patent holder as compensation for their use of the patented technology.

Overall, leaseholder royalty is a payment made by a tenant to the owner of a property for the right to use that property, while reasonable royalty is the amount that a licensee would be willing to pay the holder of intellectual property rights for the use of that property.

lease for years | leasehold improvements

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HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
Right. Broken links smh
I've been UR since first/second week of Jan, no updates otherwise, is that a bad sign? At or above median LSAT and above 75th gpa.
The profile links are not working for me. anybody else?
13:18
i’m in the same boat mastermonkey but with lower stats. i hope i hear back by mid march
CheeseIsMyLoveLanguage
13:24
@mastermonkey45: Looking at some of the recent decisions in relation to when they went complete, I'd say it's a good sign. It seems many declines were sent within about 5-6 weeks of completion. Given those were applications that were SENT in January, I'd say that means you're still solidly in the running. :)
14:30
Sent an app to OSU in early december and have STILL not heard back
Give it 4 more weeks at least. Everyone in this chat needs to wait longer.
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