Royalty Agreement

/ˈrɔɪ.əl.ti əˈɡriː.mənt/

[ roy-uhl-tee uh-gree-ment ]

Children's books, publishing

Definition of Royalty Agreement

A Royalty Agreement is a contract that outlines payment terms for book authors based on sales.

What is Royalty Agreement

A Royalty Agreement in the context of children's books specifies the financial arrangement between an author and a publisher. It details the percentage of sales that the author will receive from book sales, ensuring that authors are compensated for their work. This agreement may also cover advances against future royalties, the duration of the agreement, and rights related to foreign sales, adaptations, and other revenue streams. Understanding these terms is critical for authors looking to protect their creations and earn a fair wage for their contributions.

Examples of how to use the term Royalty Agreement

Before signing the book deal, I made sure to read the Royalty Agreement carefully.
The Royalty Agreement specified that I would receive 10% of the book's sales revenue.
Understanding the terms in a Royalty Agreement can significantly impact an author’s earnings.

Children's books, publishing

Browse the A-Z of Children's Book Publishing Terms

Learn essential children's book publishing terminology, including definitions, pronunciation, and the meaning of each term in one convenient guide.

A-Z of children's book publishing Terms

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Frequently Asked Questions

What does Royalty Agreement mean in children's book terms?

A Royalty Agreement defines the payment authors receive from publishers based on the number of books sold.

How would you explain Royalty Agreement in layman's terms?

It's a deal between authors and publishers that decides how much money an author makes for each book sold.

Why is a Royalty Agreement important for children's book authors?

It protects authors' rights and ensures they earn money for their hard work and creativity in writing.

Can a Royalty Agreement include advances?

Yes, many Royalty Agreements provide authors with an upfront payment, known as an advance, against future royalties.

How do royalties typically get calculated in these agreements?

Royalties are usually calculated as a percentage of the retail price or net sales of the books, depending on the agreement terms.

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