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ROYALTY PAYMENT INSTRUCTIONS (Items highlighted in yellow were updated July 2016)Required ACH Payment:The following Automated Clearing House (ACH) instructions apply to Oil Report and Gas Report royalty
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Royalty payment instructions are guidelines provided by the rights holder to the licensee on how to pay royalties for the use of intellectual property.
The licensee who is using the intellectual property and is required to pay royalties must file royalty payment instructions.
Royalty payment instructions can be filled out by providing all the required details of the payment process, such as the amount to be paid, payment method, and payment frequency.
The purpose of royalty payment instructions is to ensure that royalties are paid correctly and on time, in accordance with the agreement between the rights holder and the licensee.
Royalty payment instructions must include details such as the name and contact information of the licensee, the amount of royalties due, the payment schedule, and any specific instructions for payment.
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