Oversimplifying drastically, there are two basic types of payments:
- Flat fees
- Payments over time (royalties and advances)
First I'll talk about flat fees. Then I'll cover royalties and advances.
A plain-English overview of legal issues that affect creatives and creators, as understood by someone who works in the business. Posts aren't legal advice, my employer isn't responsible for what I say, subscribe if you like what you see.