A royalty is a financial proceed paid to a contributor out of the proceeds that result from a sale or performance of that individual’s work. It is also a share in the proceeds paid to an inventor for the right to use the invention.
If an international person will be receiving royalty payments from Vanderbilt University, the department administrator must request Windstar access so that a Windstar record can be created. The Windstar access request can be made on our website. In addition, the department administrator should do the following:
- The Windstar database will send an e-mail that will include log in information. Tell the royalty recipient to expect an email from email@example.com .
- Send the check request (CR) through the normal process. Disbursements will route the CR to VISIT for an international tax analysis.
- Include information with the CR to demostrate whether the payment is for an industrial or copyright royalty.