Method and system for conducting royalty transactions

摘要

This invention relates generally to transactions, and more particularly to transactions relating to a product which is directly or indirectly associated with a royalty. The invention relates to a method and system for conducting and managing royalty transactions conducted between a royalty owner 1-3 of one or more varieties of royalty products and one or more vendors 4-9 of the product. Each product sold includes a label which is distinctive for each variety of royalty product. The system allows the owner 1-3 to manage the transactions associated with the royalty product in real time through the use of an administration computer 12, administration database and a computer network 13.