MRU Royalty Rates
Tuesday, October 14th, 2008RoyaltyZone users can now add Minimum Royalty Per Unit (MRU) royalty rates to their agreements. An MRU royalty rate defines a standard rate (X% of Net Sales) and a MRU ($X per unit). RoyaltyZone compares the two calculated royalties and selects the higher (or lower, if preferred) of the two. For example:
Standard Rate = 10% of Net Sales, MRU = $1 per Unit, Preference = Highest
- Example 1: Units Sold = 10, Gross Sales = $90: Rate Used = MRU, Royalties Owed = $10.00
- Example 2: Units Sold = 10, Gross Sales = $110: Rate Used = Standard, Royalties Owed = $11.10
