What are the royalty rates and payment terms for published authors?

Royalty rates and payment terms for published authors vary depending on the publisher and the contract negotiated. Typically, royalty rates range from 5% to 15% of the book's retail price for print editions, while e-books may offer rates between 25% and 50%. Payment terms also depend on the publisher and can range from quarterly to semi-annually or even annually. Some publishers may offer an advance against future royalties, which is recouped from book sales before additional royalties are paid. The specific terms and rates will be outlined in the author's contract with the publisher. It is advisable for authors to carefully review and negotiate these terms with the publisher before signing any agreements to ensure clarity and fairness in compensation.