A royalty is a usage-based payment made by one party (the “licensee”) for the right to ongoing use of a patent, trademark, utility models, software etc. Through a licensing agreement a holder of the protected right grants the licensee the right to use. The license agreement regulates the type and amount of use, the duration and the compensation.
Because of this the Beiersdorf AG and the Beiersdorf-Group-Companies settle a so-called Royalty agreement. This Roaylty agreement manages the percentage of the net sales the affiliates have to pay quarterly to the Beiersdorf AG.
Local Finance calculates the Royalties every quarter and forwards this calculation (QRR) to the Service Provider.The Service Provider posts the data in SAP.
For more details regarding deadline for QRR creation, please use the link below: