Issue link: https://htpgraphics.uberflip.com/i/246988
Glossary of Terms Section 10 Merchandising – a licence of copyright in an artistic work, design right or trade mark for reproduction on an article for onward sale. Non-exclusive – a right granted non-exclusively allows the grantee to use it and the grantor is free to use it itself and to license anyone else to use it. Pipeline – an agreement under which the licensee automatically acquires certain rights in improvements made by the licensor institution or specific individuals within the licensor institution. Royalty – the amount paid under a licence of IP for the right to use that IP. This can be a "lump sum", "up front", "stage", "all" or "periodic" payment. Royalty Rate – the rate at which the royalty is charged, often a percentage linked to the selling price of an item/process. Royalty Stacking – where the royalties payable in respect of different IP licensed-in to produce a product or provide a service stack up, possibly to a point at which the production of the product or provision of the service is no longer economically viable. Sole – a sole right is one where the grantee is allowed to use it and the grantor remains free to use it itself but the grantor is not able to license anyone else to use it. Sub-licence – a licence subsequently granted by the licensee of all or part of the IP licensed to the licensee by the licensor under the head licence. 59