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May 2016 Archives

A Crash Course on Royalty Audits

In the typical transaction between a book author and a publisher, the author grants to the publisher certain exclusive rights in a manuscript and, in exchange, gets from the publisher a right to receive a portion of the publisher's proceeds from commercial exploitation of the rights granted. Though the specific terms vary from publisher to publisher and book to book, the author's share is commonly referred to as a royalty, and the manner of its calculation and payment are spelled out in a written book publishing agreement. 

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