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LSDefine

Simple English definitions for legal terms

reasonable royalty

Read a random definition: Economic Research Service

A quick definition of reasonable royalty:

A reasonable royalty is a payment made to someone who owns the rights to something, like a book or an invention, for each time it is used or sold. If there is no set price for the royalty, a court will decide what a fair amount would be. The amount should be enough to make the person who owns the rights happy, but also allow the person using it to make a reasonable profit. This is often used to figure out how much someone should pay if they are accused of using something without permission.

A more thorough explanation:

A reasonable royalty is a payment made to the holder of intellectual property rights, such as a patent or copyright, for the use of their invention or creation. It is the amount that a licensee would be willing to pay while still making a reasonable profit from its use.

For example, if a company wants to use a patented technology, they would negotiate with the patent holder to determine a reasonable royalty for the use of that technology. If they cannot come to an agreement, a court may determine a remedy for infringement based on what a reasonable royalty would have been.

The reasonable-royalty standard often serves as the measure of damages in a claim of patent, copyright, or trademark infringement, or for misappropriation of trade secrets. In deciding what royalty is reasonable in a trade-secrets suit, courts consider the unique circumstances of the case, as well as industry standards and practices.

reasonable provocation | reasonable skill

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
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
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