Royalty Rate
- The current royalty rate is 10%, unless otherwise specified in your contract through December 31, 2009.
- Effective January 1, 2010 through December 31, 2011 the royalty rate will increase to 11% with an additional increase for fiscal year FY11-12.
- Every quarter we must receive documentation of your sales for that quarter, along with any royalties you might owe.
- All royalties are due no later than 30 days after the end of the quarter.
- Every company must submit a royalty report, regardless of whether or not there were sales for the quarter.
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