Do royalties percentage come from the manufacturing costs when licensing a product?

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I'll be answering more licensing and product development-related questions posted on throughout my youtube channel from the comments section.

Also, there is a correction that needs to be addressed in this video: For the first question, asked by Jeff, I talk about how royalty percentages come from the "manufacturing costs"...that is incorrect. The correct term used should be "wholesale cost". In summary, the royalties come from the wholesale cost, not manufacturing cost. Apologies for the mistake and hat tip to Daren for letting me know of that mistake 🤜🤛

FYI, I do answer a few legal questions in this video, but I want to make it clear that I'm not a patent attorney nor I pretend to be one. Please consult with a real attorney.

Enjoy!

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