Common use of Reserve Against Returns Clause in Contracts

Reserve Against Returns. The Publisher shall have the right to allow for a reasonable reserve against returns. If royalties have been paid on copies that are thereafter returned, then the Publisher shall have the right to deduct the amount of such royalties on such returned copies from any future payments under this or any other Agreement. The reserve against returns may not exceed 15% of earned royalties in any accounting period, and the reserve may be held for one accounting period only.

Reserve Against Returns. The Publisher shall have the right to allow for a reasonable reserve against returns. If royalties have been paid on copies that are thereafter returned, then the Publisher shall have the right to deduct the amount of such royalties on such returned copies from any future payments under this or any other Agreement. The reserve against returns may not exceed 1530% of earned royalties in any accounting period, and the reserve may be held for one accounting period only.

Reserve Against Returns. The Publisher shall have the right to allow for a reasonable reserve against returns. The reserve against returns may not exceed 30% (thirty percent) of print editions, and 0% (zero percent) of electronic-book editions, of earned royalties in any accounting period, and the reserve may be held for one accounting period only. If royalties have been paid on copies that are thereafter returned, then the Publisher shall have the right to deduct the amount of such royalties on such returned copies from any future payments under this or any other Agreement. The reserve against returns may not exceed 15% of earned royalties in any accounting period, and the reserve may be held for one accounting period only.