Elements like culture, economy, politics, and laws help establish and maintain working civilization. Laws are developed and enacted by the government and followed by citizens to ensure peace and harmony in the country. Beyond this basic and well-known tenet of society, it is important to understand how these rules are derived, the relationship between the law and government, and your rights in relation to the state to ensure due process of the law. Sources There are four primary sources or origins of law: The Constitution: The most fundamental source of law. The supremacy clause makes it “the supreme law of the land,” i.e., the Constitution and federal statutes take precedence over state statutes. The Constitution outlines the structure and rules for different branches of government and the Bill of Rights or the list of amendments to protect citizens’ rights. Federal and state statutes: Statutory or federal and state laws are enacted by the legislative branch of the government and carry the consequence of punishment for failure to follow the statutes. Federal, state, and local governments ensure that these statutes are followed. Administrative regulations: These regulations and rules are issued by the state and federal administrative agencies like Internal Revenue Service and Environmental Protection Agency.

We have all heard the word royalty, although the meaning differs in the US and the UK. Royalty in the USA has to do with payments, and you must have heard about it with reference to books or music. Have you always wondered what royalty payments are? Well, keep on reading because, in this article, we will educate you about what royalty is, the types of royalty, and a few details about the royalty licensing agreement. What is royalty? In the country, royalty or royalty payment is the payment made by the user of an asset to a person who owns that asset. But, there might be conditions imposing restrictions on how the asset can be used. These payments could be a fixed one-time amount, a percentage of revenue, or a per-use. The payment could be made to an individual or a company and would include the use of information covered by copyrights. Types of royalty Royalties are used in various sectors and industries, and some of the common ones are: Performance royalties Primarily associated with music, these royalties are paid by anyone who wants to use the copyrighted music or song of a musician for commercial purposes. Music rights can be classed into lyrics, melody, and harmony, which fall under composition.