Determinable fee

Also found in: Financial.

DETERMINABLE FEE. Also called a qualified or base fee, is one which has a quality subjoined to it, and which must be determined whenever the qualification annexed to it is at in end. A limitation to a man and his heirs on the part of his father, affords an example of this species of estate. Litt. Sec. 254; Co. Litt. 27 a, 220; 1 Prest. on Estates, 449; 2 Bl. Com. 109; Cruise, tit 1, Sec. 82; 2 Bouv. Inst; n., 1695.

References in periodicals archive ?
If a multiple-film arrangement exists (including films not yet produced or completed), then the entity should allocate the fixed or determinable fee to each individual film by market or territory based on the relative fair value of the rights to exploit each film under the licensing arrangement.
In addition, charges associated with the contract needed to have fixed or determinable fees.