Royalty Contract Management Best Practices

How should you handle royalty contracts? Traditionally publishers would file the contracts in a draw and when they needed them pull them from the file, hoping that they were correctly filed and not missing.

Today many publishings scan the contracts and save them as an Adobe Acrobat PDF file. These scanned contracts are saved on shared hard drive that is backed up nightly.

Editors and publishers can access copies of the contract from their desk or from home. These copies cannot be misplaced nor stained with coffee or coke.

Some royalty software solutions, such as Acumen, Klopotek, knkPublishing and Publishing Technology's Advance allow you to access these copies from their system's author, title and contract records.