ContractDecember 3rd, 2021
FiledDecember 3rd, 2021Example 14. On October 1, 1971, A, an au- thor, and Corporation M, a publisher, exe- cuted an agreement under which A granted to M the exclusive right to print, publish and sell a book he had written. The agreement provides that M will pay to A specified royal- ties based on the actual cash received from the sale of the published work, render semi- annual statements of the sales, and at the time of rendering each statement make set- tlement for the amount due. On the same day, another agreement was signed by A and M, mutually agreeing that, in consideration of, and notwithstanding, any contrary provi- sions contained in the first contract, M shall not pay A more than $100x in any one cal- endar year. Under this supplemental con- tract, sums in excess of $100x accruing in any one calendar year are to be carried over by M into succeeding years. For the calendar year 1971, royalties payable to A under the basic agreement amount to $100x and this sum is paid to A. For the calendar year 197
ContractOctober 23rd, 2020
FiledOctober 23rd, 2020M, mutually agreeing that, in consideration of, and notwithstanding, any contrary provi- sions contained in the first contract, M shall not pay A more than $100x in any one cal- endar year. Under this supplemental con- tract, sums in excess of $100x accruing in any one calendar year are to be carried over by M into succeeding years. For the calendar year 1971, royalties payable to A under the basic agreement amount to $100x and this sum is paid to A. For the calendar year 1972, royal- ties of $120x are payable to A under the basic agreement, but by reason of the supple- mental agreement, only $100x of this sum is actually paid to A. For each of the calendar years 1973 and 1974, royalties of $100x are payable to A under the basic agreement, and this sum is paid to A. For the calendar year 1975, royalties of $80x are payable to A under the basic agreement, and this sum, plus $20x carried over from 1972, or $100x, is paid to A. The $100x paid to A in each of the years 1971, 1972, 1973, an
ContractJanuary 10th, 2020
FiledJanuary 10th, 2020M, mutually agreeing that, in consideration of, and notwithstanding, any contrary provi- sions contained in the first contract, M shall not pay A more than $100x in any one cal- endar year. Under this supplemental con- tract, sums in excess of $100x accruing in any one calendar year are to be carried over by M into succeeding years. For the calendar year 1971, royalties payable to A under the basic agreement amount to $100x and this sum is paid to A. For the calendar year 1972, royal- ties of $120x are payable to A under the basic agreement, but by reason of the supple- mental agreement, only $100x of this sum is actually paid to A. For each of the calendar years 1973 and 1974, royalties of $100x are payable to A under the basic agreement, and this sum is paid to A. For the calendar year 1975, royalties of $80x are payable to A under the basic agreement, and this sum, plus $20x carried over from 1972, or $100x, is paid to A. The $100x paid to A in each of the years 1971, 1972, 1973, an
ContractOctober 28th, 2014
FiledOctober 28th, 2014Example 14. On October 1, 1971, A, an au- thor, and Corporation M, a publisher, exe- cuted an agreement under which A granted to M the exclusive right to print, publish and sell a book he had written. The agreement provides that M will pay to A specified royal- ties based on the actual cash received from the sale of the published work, render semi- annual statements of the sales, and at the time of rendering each statement make set- tlement for the amount due. On the same day, another agreement was signed by A and M, mutually agreeing that, in consideration of, and notwithstanding, any contrary provi- sions contained in the first contract, M shall not pay A more than $100x in any one cal- endar year. Under this supplemental con- tract, sums in excess of $100x accruing in any one calendar year are to be carried over by M into succeeding years. For the calendar year 1971, royalties payable to A under the basic agreement amount to $100x and this sum is paid to A. For the calendar year 197
ContractSeptember 26th, 2014
FiledSeptember 26th, 2014Example 14. On October 1, 1971, A, an au- thor, and Corporation M, a publisher, exe- cuted an agreement under which A granted to M the exclusive right to print, publish and sell a book he had written. The agreement provides that M will pay to A specified royal- ties based on the actual cash received from the sale of the published work, render semi- annual statements of the sales, and at the time of rendering each statement make set- tlement for the amount due. On the same day, another agreement was signed by A and M, mutually agreeing that, in consideration of, and notwithstanding, any contrary provi- sions contained in the first contract, M shall not pay A more than $100x in any one cal- endar year. Under this supplemental con- tract, sums in excess of $100x accruing in any one calendar year are to be carried over by M into succeeding years. For the calendar year 1971, royalties payable to A under the basic agreement amount to $100x and this sum is paid to A. For the calendar year 197