payment made to the owners of certain types of rights by those who are permitted by the owners to exercise the rights. The rights concerned are: a) literary, musical, and artistic copyright; b) patent rights in inventions and designs (here royalty signifies sums paid to the owner of a patent for its use or for the right to operate under it, and may also refer to obligation giving rise to the right to such sums - BLA); c) rights in mineral deposits, including oil and natural gas. The royalty payment is usually based upon some percentage of the income or fee for substances generated from the use of such property., compensation for the use of property, usually copyrighted material or natural resources, expressed as a percentage of receipts from using the property or as an account per unit produced