ongoing royalties

Ongoing royalties are payments made regularly, usually a percentage of revenue or profit, to someone who owns a right or asset, such as a patent, trademark, or copyrighted work. These payments continue for a set period or as long as the asset is used or generates income. For example, an author might receive ongoing royalties from book sales, or a company might pay royalties to license a technology. Essentially, royalties ensure the owner benefits financially whenever their property is utilized, providing a continuous income stream tied to the ongoing use or success of the asset.