Advance<span class="dashicons " data-icon="" style="color:#000;display:inline;vertical-align:baseline;"></span>Advance<span class="dashicons " data-icon="" style="color:#000;display:inline;vertical-align:baseline;"></span>Advance<span class="dashicons " data-icon="" style="color:#000;display:inline;vertical-align:baseline;"></span>Advance<span class="dashicons " data-icon="" style="color:#000;display:inline;vertical-align:baseline;"></span>
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Advance

An advance is the money paid by a licensee to a licensor, due upon signing of a license agreement. Most of the time, advances are nonrefundable and are taken out of future earned royalties.

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« Back to Glossary Index
Related Terms:
  • Term: License Agreement
  • Term: Earned Royalties
  • Term: Advance
  • Term: Licensee
  • Term: Licensor

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