pay to CONTRIBUTOR an advance
against future royalties in the amount of $ 1.00 (one U.S. dollar) and other valuable consideration upon acceptance;
If we pay you a Royalty on a sale and later issue a refund, return, or credit for such sale, we may offset the amount of the Royalty previously paid for the
sale against future Royalties, or require you to remit that amount to us.
Instead, like that allowance, it is money paid in
advance against all future royalties, and it must therefore be covered by royalty revenue (i.e. earned out) before any new royalty earnings are paid.
Of course there would be a sizable advance paid to the ebook author, but the advance is
against future royalties.
ARTIST OF THE YEAR: KEVIN GRASS Artist Kevin Grass was announced the winner of the [PLATFORM] Artist of the Year Awards and will receive prizes valued at $ 65,000, including a $ 10,000 cash advance
against future royalties, a publishing and licensing contract with Art Brand Studios, and numerous exhibition opportunities at Redwood Media Group's 2016 — 2017 shows.