Royalty Contracts

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Revision as of 04:45, 11 December 2007 by Sempre (Talk)

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Royalty payments for book distributors

  • Maintain Contract table.
  • Associate products and vendors with Contracts.
  • Compute royalty payment for each Contract based on sales quantity, sales amount, and contract year. Contracts have custom royalty formulas agreed upon during negotiation.
  • Distribute and post payments to one or more vendors for each Contract.
  • Ensure royalty is paid only once on each sale :-)