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Royalty-free (RF) material subject to copyright or other intellectual property rights may be used without the need to pay royalties or license fees for each use, per each copy or volume sold or some time period of use or sales.
There are licenses accepted by the OSI which are not free as per the Free Software Definition. The Open Source Definition allows for further restrictions like price, type of contribution and origin of the contribution, e.g. the case of the NASA Open Source Agreement, which requires the code to be "original" work.
A royalty payment is a payment made by one party to another that owns a particular asset, for the right to ongoing use of that asset. Royalties are typically agreed upon as a percentage of gross or net revenues derived from the use of an asset or a fixed price per unit sold of an item of such, but there are also other modes and metrics of compensation.
Examples of license-free software formerly included programs written by Daniel J. Bernstein, such as qmail, djbdns, daemontools, and ucspi-tcp. Bernstein held the copyright and distributed these works without license until 2007. [1] From December 28, 2007, onwards, he started placing his software in the public domain with an explicit waiver ...
Service-level agreements are another type of software license where the vendor agrees to provide a level of service to the purchaser, often backed by financial penalties. Copyleft is a type of free license that mandates derivative works to be licensed.
A 4% royalty on sales value for a 5-year period of the license, together with a lump-sum payment of $32000 (risk-free income) on execution of the license is then the 'asking price' in the example. The TTF of this projection is 2.6, implying that for every dollar of royalty paid, the OP to the licensee enterprise is multiplied by this factor.
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In the mid-1980s, the GNU project produced copyleft free-software licenses for each of its software packages. An early such license (the "GNU Emacs Copying Permission Notice") was used for GNU Emacs in 1985, [5] which was revised into the "GNU Emacs General Public License" in late 1985, and clarified in March 1987 and February 1988.
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