#Royalty: a payment made to an owner or licensee of an IP or a set of IPs for ongoing use of their IP. It is a share of revenue paid to the legal owner of a property, such as patents, copyrighted works or franchises.
#License fee: an amount of money (usually fixed amount) paid by an individual or business
Before 1995, Beverly Hills Teddy Bear, in Los Angeles, was not so much well-known of a plush-toy manufacturer. Then Babe, a piggy star of a film released that year made the hit. The manufacturer’s co-founder and CEO, David Socha, who had previously worked for a licensing firm, secured a 3-year
In this era of prosumerism, people don’t just consume but are also involved in the design and development of the products and services that they consume – the trend in customization, technological and digital economy.
☺️Are you a prosumer?
Many parts of your website may be protected by different types of intellectual property (IP) rights. For example:
• E-commerce systems, search engines or other technical Internet tools may be protected by patents or utility models;
• Software, including the text-based HTML code used in websites
⚡️ Contact us now for free consultation : 👇
NBS Intellectual Sdn Bhd
📞 Contact: 603-5891 4846 (Office) / 6012-486 0318
💬 Whatsapp:
📨 Email: nbs@nbs.com.my
Source: https://www.ipthailand.go.th/cache/com_zoo/images/Flowchart–_e6bd22f8d8fc8852310143499b9787eb.png
+603-5891 4846
+603-5879 9908
nbs@nbs.com.my
© 2026 NBS Intellectual Sdn Bhd. All rights reserved. By Netbusiness.
