As you are signing a contract for your novel, don’t be surprised when you come across a clause giving the publisher some rights to make a movie out of the novel.
It’s never a good choice to opt for agreements that give the publisher of your novel some rights and privileges to earn some money when the novel has been taken by the cinema or televisions companies. This is because they will yield a lot of profits as the sales of the novel increase day by day.
You can still give the publisher a chance to make some money if you think the novel won’t make any impact on the movie scene. In the contract you sign, it will be indicated that the publisher has the rights to get more money from the sales.
As you are signing this novel contract, make sure that the publisher has to send you two royalty statements per annum.The arrival of each of these statements should have a six-month disclosing period from which you are supposed to receive each after the 90 days of the disclosing period have elapsed.
This print out will show you how the sales are progressing. The publisher will tell you the number of copies which have been bought and those that are still on sale. The publisher has to try hard to sell all the copies because if some are left, he is liable of paying for them.
Don’t expect to receive any pay check in the first and second disclosing periods because royalties may be lower than the advance you are going to receive. The payments will come later after the royalties have accumulated.
This type of contract is so important if you are willing to receive two royalty statements in a year.
Never sign a contract without knowing the way your novel is selling because you might only get the payment when the sales are more than your advance which might take long to come in.
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