A one-time fee is an amount due to be paid on a specified date. Examples include administration fees, renewal fees, reimbursements, and promotions fees. A marketing fees is collected on every royalty report as a percentage of net or gross sales. The most common example is an advertising or marketing contribution. Fees are not counted towards Advance and Guarantee progress.
Select the type of fee you are entering
1. New one time fee
1. Description of the fee
2. Amount of the fee
3. Due Date
Press "Save"
2. New recurring Fee
1. Description of the fee
2. Select the amount
3. Select the start and end date
4. Payment terms
5. Sequence of the fee
Press "Save"
3. New Marketing fee
1. Name of the Marketing Fee
2. Calculation Method
a. % Net sales
b. % of Gross sales
c. $ Per unit
d. Lump sum per year
3. Select the start and end date of the fee.
4. Choose the marketing type
a. Marketing contribution: Additional royalties
b. Marketing Commitment: Marketing expenditure.
Press "Next"
Additional Links:
1. Enter the % of the fee
Enter the associations for the fee. You have the ability to create multiple fees for different associations, similar to royalty rates.
Press "Next"
Add a guarantee to your fee?
Once you have the fee entered the system will ask if you want to associate a guarantee. This is how you enter a fee guarantee.
Select if you want a guarantee or not.
1. Name of the guarantee
2. Are the payment recoupable against the royalties. Yes/No.
3. When do the guarantee recoup? On invoice or Payments.
4. Advance WILL/WILL NOT recoup during sell-off.
Similar to guarantees enter the payment milestone
1. Due dates of the payment milestone.
2. The amount
3. Description
Press "Next"
Confidentiality Notice
This document may contain information of a confidential, proprietary and/or sensitive nature. This document and the information in it may not be reproduced or disclosed to any unauthorized users without the prior written permission of FilmTrack, Inc (here-to-forth known as ‘The Company’). Any unauthorized reproduction or disclosure of this document or the information contained in it is strictly prohibited. All authorized reproductions (either in whole or in part) shall bear this confidentiality notice.
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