8. Royalties and license fees 3.121. The
present
Manual recommends a
disaggregation of the BPM5 component into franchises and similar rights and other royalties and license fees. Franchises and similar rights comprise international
payments and receipts of franchising fees and the
royalties paid for the use of registered trademarks.
Other royalties and license fees includes international
payments and receipts for the authorised use of
intangible, non-produced, non-financial assets and
proprietary rights (such as patents, copyrights and
industrial processes and designs) and with the use,
through licensing agreements, of produced originals or
prototypes (such as manuscripts, computer programs,
and cinematographic works and sound recordings).
Payments and receipts for the outright purchase or sale
of these assets and rights are excluded (following BPM5,
these are recorded as capital account transactions, not as
services). Excluded also are distributive rights for
audiovisual products for a limited period or a limited
area; these are included in audiovisual and related services.
