You own a copyright on some software.You wish to license the software to a local Chicago company that expects to use the software internally for its 50 employees and to also sell copies of the software to its 100 customers.The Licensee has requested that you sell it a non exclusive license for $45,000 to use it for the next 10 years.You do not know whether the Licensee will grow or expand in terms of employees and customers.Indicate which type of royalty provision is best for you.

options:

a. paid-up royalty

b. running royalty

c. exclusive royalty

d. royal royalty