And, even if they never do a thing about it, bringing more official attention to PA's activities while accomplishing the true goals of having fun and spreading the word could hardly be a bad thing. It would be another place for SE's to find, perhaps more appealing to some than a forum and if it included links to, feeds from and/or an archive of the various PA threads here, as well as links to other sites of interest, feeds from reliable publishing blogs, etc, it would be a very valuable tool indeed.With just the domain name, perhaps there is a slight risk, but not if the website proves to be a fraud warning about a publishing scam.
While not defending the clause, it seems to me that anyone who believes they are signing with a normal commercial print publisher (which would be most of PA's new authors, I think) would assume that reaching $49 in royalties wouldn't be a problem.RE: the Statement of Account clause
Am I reading that right? Does that say PA won't pay royalties unless the amount is a minimum of $49??? I've read it three times and that's how I'm interpreting it, but maybe I'm misinterpreting it.
Am I reading that right? Does that say PA won't pay royalties unless the amount is a minimum of $49??? I've read it three times and that's how I'm interpreting it, but maybe I'm misinterpreting it.
See, that's possible - but it's also wiggly enough for them to enforce every royalty period. It's doesn't not say it, either.I'm not sure if you're reading it right. It means they don't pay royalties (to those with this clause) until the amount accumulates to $49. It's not setting a minimum of $49 for each statement period.
However, I daresay a majority of books never reach even the $49, and since many of the people PA attracts aren't all the hep to these things in the business world, if they don't ever cancel the contract and they never accumulate $49, they might never get paid. Bad bad bad.
See, that's possible - but it's also wiggly enough for them to enforce every royalty period. It's doesn't not say it, either.
Author agrees that Publisher shall withhold royalty payments until the amount or royalties payable has reached an aggregate of forty-nine dollars.
Any amounts withheld shall be retained by Publisher until the end of the royalty period during which publication of the book is discontinues. At that time, the amount retained shall be paid to Author.
For what it's worth, I retired from the insurance business back in '03 (ran my own agency for nearly twenty years), and every brokerage contract I signed had a "minimum commission" provision. This was usually on the order of "you won't be paid renewal commissions until they reach X dollars" (usually around twenty-five bucks or so).
all of the above is true, i hope many people will not sign them as a publisher. why did they stop giving the two author books?
Does anyone know if they're at least sending status reports to show the people involved how much - if any - they've earned? I wouldn't think they'd be able to forgo that step.
The clause is unreasonable in the amount and that's enough to give me pause before signing it. But again, I know what PA's about...
Yeah we cant do anything with them at all. Except let them sit in the closet and collect dust.
But that was the principal. At today's interest rates of around 1%, in seven years (if they held that low) the cummulative interest would be less than $6,000. I'm not rich, but that qualifies as 'a few thousand' in my book.