Common use of Reporting and Payments Clause in Contracts

Reporting and Payments. Within thirty days of the end of each calendar quarter, Angel Audio shall provide Customer with a written statement detailing the songs distributed and remit Customer's portion of the proceeds collected from the sales of Customer's music, net of Angel Audio's distribution fees and customer refunds or returns. For digital download sales processed directly by Angel Audio, Angel Audio shall deduct from such proceeds third party payment processing fees such as VISA, Mastercard, Diners Card, other credit card or calling card payment mechanism. Angel Audio has the right to retain any net sales proceeds of Customer as partial offset for any amounts owed to Angel Audio under this Agreement (other amounts could include promotional marketing services, encoding services, etc. and will be agreed up front).