Welcome to Swowbi.com (owned and operated by EaseRead, Enterprises (hereinafter referred to as “EaseRead”) a content management platform -- consisting of web sites, services, software applications and networks -- that allows for the authorized upload, purchase, sale, sharing and distribution of written digital content over the internet.
The following Pricing Policy for the Swowbi.com is a legal contract between You as Copyright Owner, either an individual user or a single entity (“You” or, collectively, “Users”), and EaseRead regarding Your use of the Swowbi.com. This Pricing Policy is deemed to be incorporated to the Swowbi Copyright Owner’s Agreement and shall be binding on You upon your acceptance to sell your literary work on Swowbi.com.
1. Fixing a Price on the Literary Work.
In fixing the price of your literary Work, You shall endeavor to stipulate a price, which shall not exceed thirty percent (30%) of the hardcopy price of the hardcopy price of the literary work. Where the hardcopy of the literary work is not on sale, You shall agree with Easeread on a reasonable price for the literary work.
2. Base Fee
There shall be a base fee, which is the amount to be deducted by the EaseRead from the revenue on each copy of the literary work sold to cover for Operating Costs and Expenses. You agree to pay N50 base fee on each copy of the literary work sold by the E-Publisher where the price of the literary work does not exceed N1,000 (One thousand Naira). Where the price of the literary work is above N1000 (One Thousand Naira), the base fee shall be N100.
EaseRead shall be entitled to twenty percent (20% ) commission fee on each copy of the literary work sold.
4. Payment Solution Fee
EaseRead shall employ the use of an online payment solution to facilitate payments by purchasers of the literary work. You shall pay fifty percent (50%) of the payment solution fee on each purchase. EaseRead shall be responsible for the payment of the outstanding fifty percent (50%). The payment solution fee shall be deducted prior to the remittance to You of the royalty. The payment solution fee is presently 1.5% of every payment made by a purchaser of your literary work. Where the price of your literary work exceeds N2500 (Two Thousand Five Hundred Naira), the payment solution fee shall be 1.5% + N100.
5. Advance Payment
No advance payment shall be paid by the E-Publisher to the Copyright Owner.
You shall be entitled to royalties on a monthly basis. The royalty shall be the total revenue less base fee, less payment solution fee and less EaseRead’s commission.
You shall be entitled to request for an account of the revenue derived from the sale of your literary work detailing agreed deductions as stated above, by providing a written notice of at least fourteen (14) business days in advance. Easeread agrees and assures that it shall make the relevant records available to You.
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