June 3rd, 2010, 3:34 pm
QuoteOriginally posted by: pjakubenasHow does LAP is going to pay you?Or is it samizdat?Actually, I think that the method of the payments is a standard for them, though, I can note, and that it is not quite transparent at least to me. 1. " All sales and royalties concerning your book will be shown in yourannual statement. This royalty credit note is to be prepared annually onthe 30.6. for the preceding year.That means that you will be provided with information about sales androyalties concerning the year 2010 by June 30, 2011.You will receive message when your royalty statement is available fordownload in your online account. "2. " Art. 4 Royalty Commission1. For each printed copy sold and paid for, the Publisher agrees to pay the Author a royalty commissionbased on the Publisher?s revenue minus the contained value-added tax (corresponds to the publishinghouse determined or recommended EURO net sale price minus a 50% calculative book trade discount) of12 %. For each e-book sold and paid for, the Publisher agrees to pay the Author a royalty commissionbased on the Publisher?s revenue minus the contained value-added tax (corresponds to the publishinghouse determined or recommended EURO net sale price minus a 50% calculative book trade discount) of12 %.2. If the Publisher should realise revenue from ancillary rights, this will be shared between the Author andthe Publisher at a rate of 50:50.3. If the Author is subject to value-added tax, the Publisher shall also pay any statutory value-added taxaccruing from the royalty amounts.4. Deposit copies, advance copies, promotional copies and review copies as well as any copies ordered bythe Author from the Publisher will be royalty-free.5. The royalty credit note is to be prepared annually on the 30.6. for the preceding year. For this purposethe author receives access authorization to LAP online and can download their respective royaltycommission credit note/book voucher within a period of eight weeks from the 30.6. Credit notes/bookvouchers not downloaded within this period become void at the expiration of the term.6. In order to cover the administration expense and the data management, both parties agree that thework of the Author will only become subject to a royalty fee if the average monthly fee for the settlementperiod exceeds 10 euros. If the average monthly royalty fee for the settlement period was between 10.01euros and 50 euros, instead of a royalty fee, the Author receives a book voucher for the LAP portfoliowhich they can convert on the basis of the selling price of the desired titles. If the average monthly royaltyfee for the settlement period exceeded 50 euros, the royalty fee will be transferred to the Author?s bankaccount.7. The Author shall specify any change of postal address, banking details or e-mail address immediately viathe web application LAP Online. Authors outside of Germany are obligated to provide the Publisher withtheir complete and correct BIC/SWIFT account to LAP Online. If at the time of invoicing incorrect orincomplete bank data of the author has been provided to LAP Online, the publishing house is notobligated to pay the author?s fee for the invoice period concerned.8. The Publisher expressly guarantees that no costs will be charged to the Author?s account in relationwith this contract, unless the Author would like to purchase further copies of their work from thePublisher (see Art. 7, par. 2).That is what I know.