SOMAD(School Of Media Art And Design): Professional Practice

SWOT

SWOT is a structured planning method used to evaluate the strengths, weakness, opportunities and treats involved in a project or business. A SWOT analysis can be carried out for a product, place, industry or person. For this task is to make SWOT about myself.

RESEARCH COMPANY

This task is about to research any company. So I choose the Walt Disney Company.





RESEARCH ABOUT ROYALTY

DEFINITION OF ROYALTY

Payments made by one company (the licensee) to another company (the licensor) in exchange for the right to use intellectual property or physical assets owned by the licensor. For example, computer manufacturers such as IBM and Compaq pay a royalty to Microsoft in exchange for being allowed to use the Windows operating system in their computers.

In the fashion industry, designers like Calvin Klein has the right to name the goods / products for their royalty. As an example, they signed a contract with the company jeans and put their names on the jeans product.

In book publishing, the author should pay according to the percentage royalty on the price of the book.

In the music industry, royalties will be paid to holders of songs and songwriters by radio stations.

ROYALTY AGREEMENT

Royalty agreement is intended to benefit the licensor and the licensee. For licensors, entered into a royalty agreement to allow other companies to use their products. For the licensee, the agreement can get products that might be too expensive or too difficult to produce on its own, or that have been protected by patents that are not owned.

SAMPLE CONTRACT OF ROYALTY

https://www.rocketlawyer.com/np/uploaded_images/np_document_previews/Sample-Royalty-Agreement-Form-Template.png

SHOULD USE ROYALTY AGREEMENT IF:

You are the owner of a property interest and you would like to grant the right to use of such property interest to another party for a limited period of time.