Section 9(3) of the Act states that in order for a resale to be a “voluntary qualifying resale” all the parties to the resale agree in writing that the resale is a voluntary qualifying resale, and what percentage of the resale value will be payable as the ARR, which in effect means both the buyer and the seller. (In addition to agreeing on the value of the resale royalty both the buyer and the seller will also need to determine who is responsible for notifying and paying RRA the royalty amount.) See Checklist 1 for more details.
