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Old 01-21-2011, 01:05 PM   #10
iDV8's Avatar
Join Date: Nov 2005
Location: France
Posts: 85
Default Re: Basic Terms of Sale

Originally Posted by SoCalScribe View Post
1. Option price, duration, and terms of any extensions.
2. Purchase price (and when it's payable).
3. Up front compensation vs. contingent compensation (bonuses, etc.).
4. Profit participation (usually part of contingent comp).
5. Credit.
6. Guaranteed and/or optional additional writing steps.
7. Writing and reading schedule for any additional steps.
8. Passive payments and royalties.
9. Turnaround.
That's exactly what I was after. Thanks a lot SoCalScribe!
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