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.
This means that the publisher has to keep you updated on what is going on by sending two royalty statements on your desk every year. This has to happen every after six months of the disclosing period from which you have to receive the statements 90 days after.
In these statements, the publisher has to inform you about the number of copies which have been sold, unsold and those that stand a chance of hitting the market. The publisher has all the rights to remain with the part of the royalty in which some copies have not been sold which means that they have to pay 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.
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.
This means that the publisher has to keep you updated on what is going on by sending two royalty statements on your desk every year. This has to happen every after six months of the disclosing period from which you have to receive the statements 90 days after.
In these statements, the publisher has to inform you about the number of copies which have been sold, unsold and those that stand a chance of hitting the market. The publisher has all the rights to remain with the part of the royalty in which some copies have not been sold which means that they have to pay 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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