What is Royalty Free and What Does it Mean for Your Small Business?

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. Normally, copyrighted material is protected and cannot be used without permission and payment of royalties. Royalties are usually a percentage of earnings or recurring payment made to a creator or intellectual property owner.