Hey folks. Wondering if anyone with a bit of knowledge about modern publishing contracts can help me out with this one.
So I got a contract offer for my fourth novel (yay!) from an independent publisher and everything looks ok with it, except that the royalties are paid on Net Profits, which after doing some research means that instead of simply getting 10% or whatever of the sale price of a book, your percentage is calculated after expenses like distribution and production have also been deducted.
Some of the info I've found on this says it's quite a common way for small publishers to work these days, while others say it's not industry standard and a definite red flag, though some of that info is a few years old, and may be outdated by now. Anyone able to clear it up? In the emails to me, the publishers have been very keen that I take my time with the decision and have a professional contract checked look over the agreement, so it doesn't feel like anyone's trying to rip me off, and they seem genuinely excited about the book. Any info, as always, much appreciated.
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