Assertion: running royalty | /r/HasProperty | insurance
Facets:
value: for the licensee
type: TRANSITIVE-OBJECT
Source sentences:
text: Where the transfer of know-how is solely the province of contract, the lumpsum often works as 'insurance' against misuse of know-how by the licensee, since there is no protective statute for it (unlike with patents and trademarks), while the 'running royalty' can be insurance for the licensee in that the licensor would provide inputs so as to maximize income (thus to the benefit of both).