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Royalty Sharing Agreement

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Template for Royalty Sharing Agreement can be used to record the agreement of several illustrators, authors, designers for a book regarding ownership of the book and the split of royalties and earnings.

How to Tailor the Document for Your Need?

01

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Fill in the details of the parties. You can click the "Fill with Member’s Information" button to complete it with information saved to your account.

02

Fill Information

Please fill in any additional information by following the step-by-step guide on the left hand side of the preview document and click the "Next" button.

03

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04

Review Document

Please get all parties to review the document carefully and make any final modifications to ensure that the details are correct before signing the document.

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Document Description

A Royalty Sharing Agreement can be used to record the agreement of several
illustrators, authors, and designers for a book regarding ownership of the book and the split of royalties and earnings.

 The Template set outs:

  1. Purpose -The purpose of this agreement is to record the agreement regarding ownership, sharing of royalty and sale proceeds. 
  2. Royalty Sharing - This clause specifies the percentage of royalty and sale proceeds payable to each party 
  3. Ownership - This clause specifies whether the copyright ownership is jointly owned or not by the parties
  4. Agreement to sell, publish, distribute or License the Work - This clause specifies that parties need mutually select an agent to handle production or exploitation of the work

 

A Royalty Share Agreement helps in determining who owns what and who gets how much royalty and sale proceeds. it is recommended to have a royalty share agreement in writing to avoid any dispute in future. This document may also serve as evidence for copyright ownership subject to the laws of the relevant jurisdiction.

How to use this Document?

Both the Party's A and Party's B information should be provided in this agreement, along with their principal places of business.

The description of work, percentage of royalty and sale proceeds should also be clearly specified.

 

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