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Thread: blanket royalty

  1. #1
    Join Date
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    blanket royalty

    Can you please tell me what blanket royalty means?

    "Inegotiated with people who had products, reports, books... all kinds of things that if boughtindividually would cost you $100. I was able to negotiate blanket royalties, where in reproductionthe cost to me was a nominal $1,000, one-time royalty, plus a $2 printing cost.
    We offered prospects two coins whose wholesale cost to us was $20."

  2. #2
    English-coach's Avatar
    English-coach is offline Member
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    Re: blanket royalty

    A blanket royalty acts like a blanket does. It covers everything.

    Rather than paying a royalty for individual items the person negociated a "banket Royalty" that they only have to pay once for an unlimited amount of items.

    Does that help?

    Diana
    http://www.helping-you-learn-english.com
    Last edited by English-coach; 25-Jan-2009 at 13:06.

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