I began independently representing a well established publisher in December 2011. They never used independent reps before and from the get-go, problems arose. I now see a point in the near future where either they will terminate my contract
or I will terminate them.
The challenge for me is that my initial contract has no termination clause (shame on me!), and I believe them to be very unprofessional in the way they handled me, leading me to believe that if and when we part company, they will pay my only the commissions due at the termination date.
The standard for the print publishing business is that booked ads are paid commission when the ads are printed. In real time, the ads I booked for December, 2012 are commissioned to me until February 28, 2013.
I did an initial calculation and at this writing, they will owe me $2,700 in commissions for 2012 alone.
Ideally, I want to part on good terms with them and would certainly agree to 90 days in commissions from the date of termination, but I am concerned they will not do the right thing.
I appreciate your feedback and what course of actions I should consider.