"Patent royalties" refers to the money paid by individuals or companies to the owner of a patent, allowing them to use or sell the patented invention. It is a form of payment for the rights to utilize the patented technology.
Sentences with «patent royalties»
This drop in earnings was mostly due to lower patent royalty income from its LCD business. (e-ink-info.com)
It also provides many economic incentives for intellectual property developed and licensed from the country, such as patent royalty exemption and a research and development tax credit. (sciencemag.org)
The case is part of a strategy by Redmond, Washington - based Microsoft to push Barnes & Noble into paying patent royalties for the Nook, which runs on Google Inc.'s Android operating system. (bloomberg.com)