Some Considerations When Contract Signing For A Novel

February 20, 2011
by Keith C. King

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.

The publisher of the novel will become prosperous when the novel wins the interest of any filming company to turn it into a movie. The sales of this novel will go high at a tremendous speed hence it’s not a good deal to make a pact with your publisher assigning them some part of the profits in case the novel becomes popular in cinemas.

However, if you have a feeling that your novel won’t attract so much attention from Hollywood, then you can sign a contract with your publisher in which they can also have some rights to enjoy the fruits of the novel in case it hits the centre stage of the movie industry.

In the contract, there is a clause that states that the publisher has to send two royalty statements to you in a year. Every statement has to reach in 90 days after the disclosing period which lasts for six months.

This statement summarizes the number of sales the novel has accumulated plus the number of novels that are still on sale. The publisher might be prompted to keep with some part of the royalty if some copies were not bought from which he has to come up with the payment.

After signing the novel contract, your first check will take some time to come in because the advance you are supposed to get may have catered for the total impending royalties sent in the first two periods. As soon as the royalties get to the money you are supposed to be given, the checks will start coming in.

If you decide to settle for this contract, then you will be able to get two royalty statements every year basing on how the publisher is selling the novels.

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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