| Commentary

198 Calculation of resale royalty

| Commentary

198 Calculation of resale royalty

The resale royalty payable on the sale of a work shall be the sum of the following amounts, being percentage amounts of consecutive portions of the sale price1:

Portion of the sale pricePercentage amount
From 0 to 50,000 euro4%
From 50,000.01 to 200,000 euro3%
From 200,000.01 to 350,000 euro1%
From 350,000.01 to 500,000 euro0.5%
Exceeding 500,000 euro0.25%

The total amount of royalty payable on any individual sale shall not in any event exceed 12,500 euro2.

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