Royalties - Applying contracts

Royalties

How to organize the database to payout

The idea is to explain in a contract how you want to pay out several works.

The first thing to think about is how to create the groups so you can correctly pay them out - to your fellow publisher clients - to your authors/composer - or to other third parties.

Creating groups using the copyright

The idea is to organise your database, separating your works, where you are original publisher, the copublished works, where you would have money for you and the copublisher, the administrated catalogues and the subpublished works.

List of actors

The menu list of actors show you all people present in copyright, in royalties, or any actor you would have acreated to explain links in contracts.

The idea is to look for the publishers, right click on them to create groups - them having specific roles or not.

The idea is to have a group where you are the original publisher : find yourself in List of groups - Right click - Create a group where Original Publisher :

On this group you will be able to apply a contract that splits out on the copyright to pay your A/C and keep a 100% when you only receive your share :

We have used a special actor that splits between all the A/C that we control in the copyright.

When using special actors, it is mandatory to indicate on which Copyright Rate of the works the split has to be done.

Once you have explained for each type of right how the money had to be split you can attached that contract to the group.

Open the dynamic group and add the contract :

Exceptions - very specific ways of paying out

The idea is to have clean groups, where you don't have to extract works of general catalogues just because the generic contract doesn't apply.

You will keep all the works in one dynamic group that represents your catalogue and you will have smaller group.s for dealing with different ways of paying out for that catalogue on certain works.

1/ If only one work works differently

If one work has to be delt with differently you can define a specific way of paying out in the royalties of the work.

The fact of writing the royalties in the work, will have for consequence that the contract linked to it - or the contract.s linked to it, won't be seen.

You can write royalties from scratch -1- or copy the generic contract and modify the lines according the specific way of paying out-2-.

Once you have defined specific royalties the "Warning" will disappear.

The work remains in the group where the contract applies.

 

 

2/ If several works work specifically

Isolate in as many groups you need the works that have to work differently to the generic contract.

Create "Payout" agreements that explain how to payout - you can duplicate the generic contract if you don't want to work from scratch :

Define the rules and most importantly put a higher floor to the specific contract so that the system knows he has to applys this one not looking at the one.s on the lower floor.

Apply your specific contract to your smaller group.