Commentary on Sections Overview Overview Section 913: Interpretation of sections 911 and 912
2782.This section gives interpretations of “royalty” and “payee” in relation to sections 911 and 912. It is based on section 349E(1) and (5) of ICTA.
2783.Subsection (1) defines “royalty” widely, including in particular any proceeds of a sale of patent rights.