Assertion: royalty | /r/HasProperty | payable
Facets:
value: in cash
type: OTHER
value: on sale basis
type: OTHER
Source sentences:
text: Royalty is payable by a user to the owner of the property or something on which an owner has some special rights.
text: In case, where the Royalty is payable on sale basis, it will be part of the selling expenses.
text: However, where the order has been booked during the period of agreement, but executed after the period of agreement, royalty would be payable only after the Chartered Accountant Certifies that the orders have been firmly booked and execution began during the period of agreement and the technical assistance was available on a continuing basis even after the period of agreement.
text: Royalty is taxable in the year it is due and payable.
text: Any reference that royalty is payable or calculated “at the well,” “at the wellhead,” at the “mouth of the well,” or at any other location, other than the actual point of sale, should be deleted.
text: If royalty is payable only in cash, the company has simply breached a promise to pay a debt.