Common use of REMAINDERS Clause in Contracts

REMAINDERS. On any copies sold as remainders the Publishers shall pay to the Owner a royalty of 10% (ten per cent) of the net receipts received it being provided that such 10% (ten per cent) shall be in lieu of royalties hereinbefore mentioned and that no such royalty shall be paid on copies sold at or below cost price and that no such remainder copies shall be sold within a period of 2 (two) years from the date of first publication of the Translation.

REMAINDERS. On any copies sold as remainders the Publishers shall pay to the Owner a royalty of 10% (ten per cent) of the net receipts received it being provided that such 10% (ten per cent) shall be in lieu of royalties hereinbefore mentioned and that no such royalty shall be paid on copies sold at or below cost price and that no such remainder copies shall be sold within a period of 2 (two) years from the date of first publication of the Translation.