Legal Question in Business Law in California
Revenue sharing
Would a ''revenue sharing'' agreement be prudent/appropriate in this endeavor?
I have written a ''reflection journal'' to accompany a well know author's best-selling book. The author has read and is, apparently, notably impressed and interested in my journal. The author is also interested in having me write additional journals. The author has subsequently requested a proposal from me to write these journals and include renumeration in the proposal.
1 Answer from Attorneys
Re: Revenue sharing
A better approach would be a royalty agreement. Presumably, there is a publisher involved. If you are ghost writing and the author does not want to list you with the publisher, then a royalty agreement with the author might be used. The agreement would provide in the recital's that the author has a current agreement with the publisher that pays x% of gross sales. The purpose of this agreement is to provide for the allocation of y% of that royalty paid to you.
If your identy is being disclosed to the publisher, then a direct agreement with the publisher is even better.
More facts would be helpful, but drafting these should not be a problem. There may be a number of other provisions you might think about, taxes, residual ownership should the publisher allow the publication to go out of print; foreign sales; etc.
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