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Bolivar, a Panamanian corporation, owns a U.S. patent. Bolivar grants a nonexclusive license under the patent to Trimingham, a Bermuda corporation, in exchange for royalty

Bolivar, a Panamanian corporation, owns a U.S. patent. Bolivar grants a nonexclusive license under the patent to Trimingham, a Bermuda corporation, in exchange for royalty equal to three percent of the net sales by Trimingham of products incorporating the patented invention. What is the source of the royalty paid by Trimingham to Bolivar?

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