The agreement usually includes information, for example. B the date of publication of the book; How it is published (printed or online, or both); the number of copies made available, etc. if the author is entitled to royalties as they are shared between the author and the publisher, when they are paid, etc. The agreement will also address how copyright is managed on the work. Authors should pay particular attention to detail. How are discounted copies processed. B? Will the author still receive a licence fee based on the price of the list? What about group sales, etc.? The agreement also details the duration of the agreement and whether it can be terminated or not. An indeterminate contract is in effect until it is terminated. The agreement should explain how the agreement can be terminated if the author or publisher chooses to do so. If the contract is irrevocable, it means that it cannot be terminated.
An irrevocable permanent agreement means that the agreement is permanent and will be valid for an indefinite period. Some agreements have a duration and expire at the end of the period. After the expiry of the contract, the author is free to enter into another agreement with another party or another publishing house. Some smaller or independent publishers try a number of other creative scenarios for the payment of their authors. One of them you might see is royalties paid for ”net profits” or ”profit sharing.” In essence, the publishing house pays royalties to the author only if all costs are covered. Once they have paid all the costs, the publisher pays the author a percentage of the license on the profits. Often, there is no progress when it comes to cases of this type, but the percentage paid to the author is much higher, usually somewhere in the range of 40% to 60%. In general, something like a 10% royalty on the first 40,000 cover copies sold then 12% to 100,000 copies, then 15% would not be revolting (of course, this will be written in 2017, and anything can happen in the future). A similar escalation could be included for other versions. Indeed, for an author seeking a higher royalty, a trade-off is to push to a higher number than is proposed if certain sales thresholds are reached.
D. When third parties have revised, limit the reimbursement of fees (revor tax) to 25-50% of the royalties otherwise due author for the first revision and 50-75% for the second revision (no payment to revisionists should be deducted from the author`s funds due according to other agreements).