royalty management

Royalty management refers to the process of tracking and managing payments made to creators and rights holders for the use of their intellectual property, such as music, literature, patents, and trademarks. This involves ensuring that accurate calculations are made based on usage, sales, or licensing agreements, and that payments are made on time. Effective royalty management helps protect the financial interests of artists and inventors while also ensuring that companies comply with legal requirements. Essentially, it ensures that those who create content are fairly compensated for their work and rights.