Royalty Sharing Agreement

Copyright

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Description:

A 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.

 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 that 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 agreements 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 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.

How to Tailor the Document for Your Need?

  1. Create Document: Click “Create Document” button and fill in the details of the parties. You can click the “Fill with Member’s Information” button to complete the party’s information with your personal or business information saved to your account.
  2. 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.
  3. When you are done, click the “Get Document” button and you can download the document in Word or PDF format.
  4. 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. Each party should have a copy of the executed document.
Document Type:

Agreements / contracts

Category:

Business > Intellectual Property / Information Technology > Intellectual Property Agreement

 
Keywords:

royalty sharing agreement

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royalty

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sale proceeds

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copyright ownership

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royalty split agreement

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royalty split

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Author:

DocPro Legal

DocPro Legal is a team of legal professionals with a passion for making quality documents and legal contract templates widely available to the public through cutting edge technology. Our lawyers are qualified in numerous common law jurisdictions including the United Kingdom, Australia, New Zealand, India, Singapore and Hong Kong. We have experience in major law firms and international banks with expertise in business, commercial, finance, banking, litigation, family, succession and company laws.