how to make a royalty agreement
December 12, 2011 2:25 AM Subscribe
How to make a royalty agreement?
posted by MrMerlot to Media & Arts (8 answers total)
I have done a few illustrations that a small company wishes to use in their products. We have agreed that I will be paid with royalties but no contract has yet been made. I would be very grateful if someone could advise me on how to do a contract. What should a simple contract say and what are my rights? The company has suggested 5 percent from the sales profit. Does this sound fair? Am I right that I will still keep the rights to my work and I don't have to agree on exclusivity? For how long should the contract be made for?
Any help is most appreciated!