NET-PROFITS INTEREST

NET-PROFITS INTEREST

net-profits interest. Oil & gas. A share of production free of the costs of production. ? Like a royalty, the interest is expressed as a fraction or a percentage of production. But unlike a royalty, it is payable only if there is a net profit, and the costs that are used to calculate the net profit depend on what is negotiated.
What is the Chinese interpretation of NET-PROFITS INTEREST?
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