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LSDefine

Simple English definitions for legal terms

nonparticipating royalty

Read a random definition: formal rejection

A quick definition of nonparticipating royalty:

A nonparticipating royalty is a type of payment made to an author or inventor for each copy of their work or article sold under a copyright or patent. This means that the author or inventor receives a set amount of money for each sale, but does not have any ownership or control over the product being sold. If there is no established royalty, a court will determine a reasonable amount of payment for the use of the intellectual property. This type of royalty is often used in cases of patent, copyright, trademark infringement, or misappropriation of trade secrets.

A more thorough explanation:

A nonparticipating royalty is a type of royalty payment made to an author or inventor for each copy of their work or article sold under a copyright or patent. This means that the author or inventor receives a set amount of money for each sale of their work, regardless of how much profit the seller makes.

For example, if an author has a nonparticipating royalty agreement with their publisher, they may receive $1 for every copy of their book sold, regardless of whether the book is sold for $10 or $100. This type of royalty is different from a participating royalty, where the author or inventor receives a percentage of the profits made from each sale.

In legal cases involving copyright, patent, or trademark infringement, the reasonable-royalty standard is often used to determine damages. This means that the court will consider what a licensee would be willing to pay the holder of the intellectual-property rights while still making a reasonable profit from its use.

For example, if a company is found to have infringed on a patent, the court may determine that a reasonable royalty for the use of that patent would have been $10 per unit sold. The company would then be required to pay the patent holder $10 for each unit sold, as well as any additional damages determined by the court.

nonparticipating preferred stock | nonpayment

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windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
Minus those random R decisions from UMN yesterday though right? I wonder what happened there. I don’t think I’ve seen a school start the season out with anything but As on here
almost all of my apps have been UR for 6 weeks at this point I feel exhausted waiting for them to finish
Irvine is being snobby and wont start any review until end of Nov.
Yeah, it’s tough. I’m distracting myself by playing good video games after work :)
im distracting myself by schizo-scrolling r/lawschoolamissions and every conceivable data point on this godforsaken website
it is not working
Haaa I naturally want to do that too. I’m trying to stop. They need a surgeon general’s warning on this site for perspective law students
i spend more time on here then anything else trying to rationalize that the waves from last year will match waves for this year (they won't) and that the stats of people with the same stats are indicative of my own (they aren't)
There aren't many people in my stat range so I pretty much know every result in my range after being on here for a few years
9:28
congrats on the 172 bruce
go dawgs fr
9:29
roll tide
do we foresee a fordham election day wave today (i'm delusional)
WorthlessAttractiveZombie
9:31
I think so, Jack
9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
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