A Few Guidelines Before Signing a Novel Contract

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.

You can still give the publisher a chance to make some money if you think the novel won’t make any impact on the movie scene. In the contract you sign, it will be indicated that the publisher has the rights to get more money from the sales.

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.

Don’t expect to receive any pay check in the first and second disclosing periods because royalties may be lower than the advance you are going to receive. The payments will come later after the royalties have accumulated.

This type of contract is so important if you are willing to receive two royalty statements in a year.

You shouldn’t sign a contract that gives you royalty only when the novel has sold more than its advance because you won’t benefit at all.

See more of this author’s advice regarding items including Auto Traffic Monopoly review and Truth About Abs.

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