[Important: Licensing agreements should benefit both the donor (the person receiving the royalty) and the taker (the person who pays the royalty); for the licensee, a licensing agreement allowing another company to use its product may have access to a new market, while for the purchaser, an agreement may allow them to access products they would not otherwise have access to.] If a person wants to manufacture or use a patented product as a new invention, he must pay a fee to the person holding the patent. One of the three points mentioned above should not be considered a trademark contract (and its laws and conventions) for the review of the franchise agreement. In a franchise for which there is no agreement, laws regarding training, brand support, operating/support systems and technical support apply in a written format (“disclosure”).  As noted above, royalties are usage-based payments that are paid to the owner of the property for the operation of their intellectual property for a specified period of time. Basically, it is the percentage of gross sales or damage obtained by an owner`s assets. The licensee agrees to pay a variable or fixed amount to the licensee. The owner earns one percent without doing any work and the miner earns a profit without raising capital to buy the entire trade agreement, copyright or patent. Similarly, the Patent Office protects inventors and their inventions. When a person or company invents a new product or process, it can apply for a patent to indicate that it has invented that product or process, which gives it full protection protected by law.