ARTIST SHARE /ROYALTY TERMS

1. Payment Schedule: Artist earnings are paid via electronic fund transfer (NEFT/RTGS) on a quarterly basis, 45 days after the end of each quarter. Payments are made for orders that were successfully delivered in the preceding quarter. Orders that are still in transit or have only been shipped will be considered pending and will not be included in the payment calculation until successfully delivered.
2. Royalty Calculation: The artist’s royalty is based on the final sale price of the item, excluding any discounts and taxes. The royalty will be calculated according to the percentage agreed upon during the onboarding. Before calculating the royalty, the following deductions will apply:
   • Store Commissions: Deductions for commissions charged by online or offline stores.
   • Logistics/Shipping Fees: Costs related to shipping and handling.
   • Additional Fees: Other charges such as gift wrapping, closing fees, special request fees, technology fees, or any other applicable fees not included in the item’s base price.
3. The artist’s royalty is determined from the amount remaining after all these deductions.
4. Tax Deduction: TDS (Tax Deducted at Source) will be applied as per the guidelines of the Income Tax Department of India.
5. Successful Transactions Only: Artist payments are made only for successful transactions. If an order is returned, canceled, or marked as a courier return, it will be considered a failed or canceled transaction and will not be eligible for royalty calculation.
6. Payment Method: The artist’s share will be transferred exclusively via electronic wire transfer (NEFT/RTGS) to bank accounts that are opened in India.
7. GST Registration: If the artist is registered under GST, they must inform us in advance. The artist will then need to raise a GST invoice for the “artist share” amount for us to process the payment accordingly.