from Amazon
Monday, August 03, 2009
The Publisher of The Book (Potomac Books) has finally paid us our royalties
UPDATE:
On Aug 3, the headline of this thread was:
The Publisher of The Book (Potomac Books) has not paid us our royalties
On Aug 7, we have changed the headline to read:
The Publisher of The Book (Potomac Books) has finally paid us our royalties
***
Here is a summary of the facts:
On November 6, 2006, we (Tango, Andy, and MGL) entered into an agreement with Potomac Books for them to publish, advertise, and offer for sale, our book, The Book.
Paragraph 6 of our agreement reads as such:
“After publication of the Work, Publisher shall render annual statements of the Author’s earnings under this Agreement as of each December 31 and shall mail the statements and applicable payments during the following March, but not later than March 31.”
In early Spring of 2007, Potomac began selling The Book.
In March of 2008, as per the agreement, the first accounting of sales and our first royalty check was due. It did not arrive by March 31.
Over the next few months, we sent emails, made phone calls, and finally an official “demand letter” was sent to Potomac.
In July of 2008, a statement and payment was received, over three months late. No reasonable explanation was given for the delay.
By March 31, 2009, again, no statement or payment was received by us from Potomac.
Again, we sent them several emails, asking about the payment. At least one email was sent to us informing us that payment will eventually be made.
In July (2009), we received a letter postmarked July 1, containing a statement but no payment.
On July 25, we sent another letter to Potomac containing the facts herein, informing them that if we do not receive payment, or proof that payment was sent, by July 31, we will publish these facts on our blog and that we will initiate legal action.
That deadline has passed and we have received no response to that email.
We will post updates on our blog if anything changes.