Hi! I'd appreciate opinions and advice on the following: my non-fiction publisher wants to make changes to my contracts as they want to cap royalty payments at 15% rather than have them rise after so many thousands have sold. I feel the 15% is above average and so am not completely opposed BUT they also want to reduce subsidiary payments from 50 to 90% to a mere 10%! The contracts for my two books are less than two years old. Obviously they can't make these changes unless I agree.
I'm inclined to say that I'm not adverse to the 15% capping but absolutely no to any other changes. Afterall, I wrote the books based on the original contracts.
Any advice? Many thanks!
I'm inclined to say that I'm not adverse to the 15% capping but absolutely no to any other changes. Afterall, I wrote the books based on the original contracts.
Any advice? Many thanks!