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Marcy invented a new type of mask for scuba divers that was not subject to fogging. She agrees to allow Jenny to manufacture and sell the mask. She receives a sum of money for every mask that Jenny sells. In regards to intellectual property law, payments that Marcy receives from Jenny for the sale of the mask are referred to as which of the following?

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Answer: Royalties

Explanation: Royalties are payments of various types paid to original owners of property for the use of that property over a specific period of time. Royalties deals with payments to the original owner for the right to use someone his or her intellectual property, e.g copyrights, patents, trademarks. Royalties exist in the music industry, literature as so on.

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