Royalties and Statements Clause Samples
Royalties and Statements. (a) For the license granted herein, immediately upon execution of this Agreement, Licensee agrees to pay MLBPA a non-refundable fee in the amount and in the manner set forth on Schedule B ("the Promotional Rights Fee").
(b) In addition to the Promotional Rights Fee, Licensee agrees to pay to MLBPA on each of the dates set forth on Schedule B, a royalty for any premium item and/or product employing the rights and/or the trademarks in connection with the Promotion as set forth on Schedule B. (c) Notwithstanding the foregoing subsection (b), if Licensee obtains the premium item and/or product described above from a manufacturer licensed by MLBPA ("MLBPA licensee"), Licensee will not be obligated to pay MLBPA the royalties described therein, provided that Licensee obtains from such MLBPA licensee and provides to MLBPA a written agreement stating that such MLBPA licensee will pay to MLBPA the royalties described above in accordance with the terms of this Agreement (d) On each of the dates set forth on Schedule B, Licensee shall provide MLBPA with a full and complete statement (in a form satisfactory to MLBPA) with respect to any and all premium items and/or products utilized in connection with the Promotion, said statements) to be certified as accurately an officer of Licensee and to include any other information which MLBPA may reasonably request.
(e) All amounts payable to MLBPA by Licensee, together with a complete and accurate statement setting forth the basis for calculation of such amounts in a form acceptable to MLBPA, shall be submitted to: Major League Baseball Players Association ▇▇ ▇. ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ All payments made hereunder shall be in United States dollars drawn on a United States bank, unless otherwise specifically agreed upon by the parties.
(g) Time is of the essence with respect to all payments to be made hereunder by Licensee. Interest at a rate of the lesser of the maximum rate allowed by law or one and one-half percent (1-1/2%) per month, compounded daily, shall accrue on any amount due MLBPA hereunder from and after the date upon which the payment is due until the date of receipt of payment.
Royalties and Statements. A. The Publisher will pay to the Author as an advance payment against all monies accruing to the Author under this agreement the sum of: None.
B. After print run, advertising and promotion, and other costs have been recouped via sales of the Work, the Publisher agrees to pay the Author a royalty of 50% of the retail price on the remaining copies of each print run. This is on all verified sales, less returns and discounted sales.
C. After print run, advertising and promotion, and other costs have been recouped via sales of the Work, the Publisher agrees to pay the Author a royalty of 50% of all Print on Demand (POD) proceeds. This is on all verified sales, less returns and discounted sales.
D. Publisher agrees to pay to the Author, a royalty of 50% of the retail digital download price in United States dollars (USD) on all sales of the Work sold through the Publisher’s website.
E. The Publisher has the right to contract with distributors, bookstores, vendors, organizations and or outlets of electronic books to sell the Work in association with the Publisher’s name. For all sales through these outlets, the Author will be compensated 50% of the download price less any handling costs or discounts charged by the outlet.
F. In order to stimulate sales, the Publisher reserves the right to lower the price of the Work after a reasonable amount of time if the price appears to be too high (no sooner than four months).
G. Royalties shall be calculated and paid no later than forty-five (45) days following the end of each calendar year for sales during that year. Royalties shall be paid by check, unless previous arrangements are made with the author. Payment arrangements, mutually agreed upon by the Publisher and the Author, shall be made for payment of royalties to Author if he resides outside the USA. Royalties equaling less than $20 will be held until such a time as they accrue to $20 or above. Any withheld royalties shall be made immediately upon contract termination.
H. No royalty shall be paid on paper or digital copies distributed to the author, or for review, advertising, publicity, promotional purpose, samples, or other similar purposes, or on copies sold below or at cost.
I. Royalties from sales through various distributors and outlets, will be paid to Author contingent on payment received from distributor. In most cases, distributors pay Publishers every sixty to ninety days for sales through their channels during those time frames.
J. The Author is responsibl...
Royalties and Statements