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New Member
posted Apr 14, 2025 8:30:30 PM

What type of Royalty is NIL payments

Are Name, Image and Likeness payments considered intellectual property?

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1 Replies
Expert Alumni
Apr 15, 2025 5:51:13 PM

Yes, the legal right to control a person's name, image and likeness qualifies as an intangible asset similar to intellectual property. NIL payments are considered royalties from intellectual property for tax purposes.