You’ve probably seen the term “royalty-free” before — perhaps on stock photos, background music or other types of intellectual property. But what exactly does it mean?
Copyright law can be complicated for small businesses to navigate. But it is important that you at least get the basics down so you can avoid legal trouble. And “royalty-free” may be one of the most important related terms for your to be aware of.
Here’s what you should know about the royalty-free descriptor and how it can impact your business.