Common use of REMAINDERS Clause in Contracts

REMAINDERS. Annualized sales of the Work below one hundred (100) units is considered insufficient demand and the Publisher may discontinue publication of the work and dispose of the copies remaining on hand as it deems best. In such event, Author shall have the right, within thirty (30) days of Publisher’s written notice to purchase some or all copies and to purchase the film and plates at the Publisher’s actual cost plus three percent (3%) warehousing fees, If Author declines to purchase such copies or other materials, Publisher may dispose of the copies as it deems best.

REMAINDERS. Annualized sales of the Work below one hundred (100) 100 units is considered insufficient demand and the Publisher may discontinue publication of the work and dispose of the copies remaining on hand as it deems best. In such event, Author shall have the right, within thirty (30) days of Publisher’s written notice to purchase some or all copies and to purchase the film and plates at the Publisher’s actual cost plus three percent (3%) warehousing fees, If Author declines to purchase such copies or other materials, Publisher may dispose of the copies as it deems best.