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Amount Earned Per Download
Retailed Price less Transaction Fees = Net Retail Price
Net Retail Price multiplied by Earning Factor = Net Royalty
Retailed Price shall refer to price which a buyer pays for a Contributor Item.
Transaction Fees shall refer to third party costs incurred to effect the transaction, for example Paypal Fees.
The Earning Factor applicable to a work is determined by whether the Work is classified as either Complete Work or Assisted Work.
Upon receipt of a Contributor Item for consideration for listing on the Little Day Out Shop catalog, Little Day Out Shop, at its sole discretion, shall determine if the Contributor Item is a Complete Work that can be immediately listed on the Little Day Out Shop catalog. If the work is accepted by Little Day Out Shop as a Complete Work, the Earning Factor applicable to Complete Works shall apply.
If the work is evaluated, at Little Day Out Shop’s sole discretion, to require further assistance from Little Day Out Shop in order to be listed on the Little Day Out Shop catalog, Little Day Out Shop will inform the contributor of its decision. If the contributor agrees to have Little Day Out Shop to modify or assist in preparing the Contributor Item for listing on the Little Day Out Shop catalog and this is accordingly carried out by Little Day Out Shop, the item shall be deemed an Assisted Work. In such instances, the Earning Factor applicable to Assisted Works shall apply.
The Earning Factor applicable to Complete Works – 70%.
The Earning Factor applicable to Assisted Works – 50%.
Please refer to the Contributor Agreement on when the royalties will be paid.