Common use of Sales and Payment Clause in Contracts

Sales and Payment. 1) In exchange for the License, the Company/Licensee will pay the Artist/Licensor a percentage of 35% (thirty-five percent) for every copy invoiced (excluding the returned products), to be calculated on the price established and cashed by the Company/Licensee from the official distributors: Egea Music, Naxos Digital. 2) In exchange for the digital sales of the Album, the Company/Licensee will pay the Artist/Licensor a percentage of 50% (fifty percent) of the digital PPD for each track or album sold by digital distributor Believe Digital. 3) Six months after the first marketing of the media, the Company/Licensee can sell the same in series at a discount price, without varying the above-mentioned percentages. 4) The Artist/Licensor will receive no payment for the promotional media distributed for free and those sent for free to the Artist as an advance on the royalties according to Art. 6, §6.