The All beneficiaries tab lists the royalty recipients for this royalty contract. A royalty contract can have one or many royalty recipients.
Split defines how the royalty earnings will be allocated between royalty recipients for this contract.
Effective from and to dates are optional. These dates specify the period during which royalties accrue. Specify an end date (the “to” date) and a start date (“Effective from”) date when royalty recipients change.
The video below shows how to use the effective dates to change a royalty recipient.
There are two ways to handle contracts where recipients share royalty earnings.
The first method is to assign the recipients to a single contract. Earnings are shared based on the split percentage in the All beneficiaries: Split field.
The second method is to create a separate royalty contract for each author.
|Anne Matisse||50% of 10%||5%|
|Beatrice Signac||50% of 10%||5%|