Hi Group,
Although I publish my own books, I am considering allowing a publisher to convert some of my stories into audio presentations. She wants to pay me an advance and royalties based on "net sales price" for units sold after #500, 40% for 1,001 through 1,500, and 50% for 1,501 and more.
She also specifies that net sales price means, "gross invoice price less: 1. any discount. 2. any sales tax, value added tax, or other tax with respect to such a sale, and 3. any amount which constitutes a reimbursement of incidental expenses incurred on behalf of a customer, including withough limitation, separately itemized packaging, transportation and insurance charges billed to and paid by the customer."
This royalty clauses seems pretty unfair, and I plan to attempt to negotiate.
Has anybody had any experience selling or producing dramatic audio renditions of stories/books? If so, what could you suggest that I give as a counter-offer in negotiations?
Thanks!
P.S. I've attached the .pdf copy of the contract.
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