While signing a novel contract, the publisher will have all the capability of turning the novel into a movie.
In most cases, your publisher will benefit most if your novel is highly demanded by any television or cinema. As the sales increase, he will utilize this opportunity to make some money. To prevent all this, don’t opt for any agreement that allows the publisher to have a portion in any deal made with the television.
You can still sign a contract which gives the publisher all the rights to take part in any deal if you think your novel is not that interesting.
As you are signing this novel contract, make sure that the publisher has to send you two royalty statements per annum.The arrival of each of these statements should have a six-month disclosing period from which you are supposed to receive each after the 90 days of the disclosing period have elapsed.
This print out will show you how the sales are progressing. The publisher will tell you the number of copies which have been bought and those that are still on sale. The publisher has to try hard to sell all the copies because if some are left, he is liable of paying for them.
The money you are supposed to get as advance will be used on the impending royalties of the two periods hence you won’t be able to get any payment in that period of time. The money will start coming in when the royalties are more than the advance you were supposed to get.
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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February 28th, 2011
Keith C. King
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