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Intellectual property (IP) refers to creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names and images used in commerce.

IP is protected in law by, for example, patents, copyright and trademarks, which enable people to earn recognition or financial benefit from what they invent or create. By striking the right balance between the interests of innovators and the wider public interest, the IP system aims to foster an environment in which creativity and innovation can flourish.

Types of royalties include:

Song or music royalties. Songwriters, composers, and their publishers owning the copyright.

Book publishing royalties.

Digital content and social media influencers.

Oil & gas and mining royalties. ...

Franchise fees in franchising businesses.

Patent royalties.

Yes, For example when you invest in Music Royalties, you're setting up a passive income stream. Every time someone plays the song—whether it's a grocery store playing it in the aisles or a person streaming it through Spotify—you earn a small payout called a royalty.

A royalty is an amount paid by a third party to an owner of a product or patent for the use of that product or patent. The terms of royalty payments are laid out in a licensing agreement.

Monthly Royalty means the Performance-Based Royalty, determined in each case as a fixed monthly royalty payment, paid by Site Users to Licensor under the terms of each Site User License.