What does Royalty Interest mean? Read on to discover the definition & meaning of the term Royalty Interest - to help you better understand the language used in insurance policies.
Ownership of a portion of the resource or revenue produced from the leased property. Typically, the owner of the leased property retains a royalty interest. The party with the royalty interest is not responsible for the costs and liabilities associated with the exploration, development, and operation of a well.
We hope the you have a better understanding of the meaning of Royalty Interest.