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I noticed somewhere that the court date between LSI and PA is scheduled for September--of 2011.
Is PA going to continue dishing out the crap excuse "We can't pay royalties, we have a lawsuit" until then and after?
Of course they will, for as long as they can get away with it.
But I would hope that PA writers would check their contracts and see if there is anything in it that says PA is allowed to do that.
To quote from a 2002 contract I found:
"The Publisher shall pay to the Author the following royalties: A royalty upon the regular edition sold in the United States and elsewhere of: 8 percent of the sales price thereof on the first 2,000 copies sold; 10 percent on the next 8,000 copies sold; 12.5 percent on all copies sold in excess of 10,000 ."
And...
"12. The Publisher agrees to render and forward to the Author, in the months of February and August next succeeding the date of publication of the said literary work, and thereafter semi-annual statements of account for so long as copies of the work subject to royalty are sold. With respect to copies sold, the statement shall indicate the price of each copy sold. The statement shall indicate both the total royalties payable to Author on sales during the accounting period and the breakdown indicating the royalties attributable to specific kinds of sales. Author may, upon giving sufficientnotice of no less than seven days, examine Publisher’s records and accounts to the extent that such records and accounts are relevant to the publication of the said literary work, which shall be done at Author’s expense."
It has nothing to suggest that the publisher may withhold royalties for ANY REASON.
Read it through, PA lurkers.
READ IT THROUGH, MIRANDA.
As you are so fond of telling your customers--READ THE CONTRACT.
The writers have held up their end of the contract--now it's your turn.
If you Stooges know what's good for you--and I can trust you are interested in covering your lame arses 24/7, you won't continue the farce that you can't pay royalties until the lawsuit is settled.
PA writers--don't settle for excuses. Demand your royalties. The law is on your side. For once, that crap contract can work in your favor.
Is PA going to continue dishing out the crap excuse "We can't pay royalties, we have a lawsuit" until then and after?
Of course they will, for as long as they can get away with it.
But I would hope that PA writers would check their contracts and see if there is anything in it that says PA is allowed to do that.
To quote from a 2002 contract I found:
"The Publisher shall pay to the Author the following royalties: A royalty upon the regular edition sold in the United States and elsewhere of: 8 percent of the sales price thereof on the first 2,000 copies sold; 10 percent on the next 8,000 copies sold; 12.5 percent on all copies sold in excess of 10,000 ."
And...
"12. The Publisher agrees to render and forward to the Author, in the months of February and August next succeeding the date of publication of the said literary work, and thereafter semi-annual statements of account for so long as copies of the work subject to royalty are sold. With respect to copies sold, the statement shall indicate the price of each copy sold. The statement shall indicate both the total royalties payable to Author on sales during the accounting period and the breakdown indicating the royalties attributable to specific kinds of sales. Author may, upon giving sufficientnotice of no less than seven days, examine Publisher’s records and accounts to the extent that such records and accounts are relevant to the publication of the said literary work, which shall be done at Author’s expense."
It has nothing to suggest that the publisher may withhold royalties for ANY REASON.
Read it through, PA lurkers.
READ IT THROUGH, MIRANDA.
As you are so fond of telling your customers--READ THE CONTRACT.
The writers have held up their end of the contract--now it's your turn.
If you Stooges know what's good for you--and I can trust you are interested in covering your lame arses 24/7, you won't continue the farce that you can't pay royalties until the lawsuit is settled.
PA writers--don't settle for excuses. Demand your royalties. The law is on your side. For once, that crap contract can work in your favor.