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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:
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.
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.