Alberta residents may be interested in a statement issued by Amazon July 29 that sets forth a proposal for sharing revenue from book sales. The statement also provides some insight into Amazon's dispute over pricing with Hachette Book Group. According to Amazon, lower e-book prices lead to higher sales. The company wants to lower the price of e-books. The proposal suggests that the online bookseller would receive 30 percent of the revenue made from a sale. The remaining 70 per cent would be split equally between the author and the publisher.
For Calgary business owners, negotiating and signing contracts is often a regular occurrence. In some cases, however, parts of these contracts that are not thoroughly examined could cause major headaches in the event of a dispute.