explain the difference between royalty and rent .
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DIFFERENCE BETWEEN ROYALTY & RENT: But rent is the consideration payable for the use of only tangible assets. Royalty is paid either on the basis of output or sale, whereas rent is paid on the basis of period. ... Royalty generally contains a clause in the agreement to pay a minimum amount.
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Rent is the remuneration obligatory for the treatment of only substantial assets. Royalty is given either on the grounds of output or sale, moreover, the rent is spent on the foundation of the time. Royalty changes on the foundation of product or sales. But the rent is permanent and fixed.
The price someone gives you to manage your business after you decrease the responsibilities you have for the business. Royalty income comprises any payments you get from a limitation, copyright, or some common stock which is owned by the individuals.
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