7. Payment Method
7.1 Prerequisites for payment:
Party A shall make timely and full payment under this Agreement, provided that Party B meets the following prerequisites:
Party B shall submit the Work of [____] words to [_____] words (or the published word count as confirmed by Party B and Party A's designated editorial staff) every month; the word count shall be calculated from the 25th day of the previous month to the 24th day of the current month. Party B shall take the initiative to submit the Work to Party A or confirm the published word count on the 25th day to the 27th day of every month. If Party B delays in confirming the word count, it shall be deemed to have given up on the calculation of remuneration and payment of such remuneration for the current month, and such remuneration shall be recalculated and paid in the next month.
7.2 Payment standard for The Share of Single Subscriptions Income
Before the fifth business day of the next month after Party B has delivered the monthly Work (if this falls on a holiday, payment shall be postponed to the second business day after such public holiday), based on the word count completed in the previous month for the Work as acknowledged by Party A in writing, the statistical electronic subscription data for single chapters of the Work (which form part of the Paid Chapters) for the previous month, Party A shall calculate the Share of Single Chapter Subscriptions Income payable to Party B for the previous month. If Party B has any objections to the word count of the Work completed in any given month and/or the remuneration amount provided by Party A, Party B may submit objections to Party A in writing; Party A and Party B agree and acknowledge that the existence of the objections and the submission thereof shall not be deemed as a breach of this Agreement by any Party.
When Party B's share of Single Subscriptions Income for the previous month exceeds US$ [200], Party A shall remit the share and fees payable to Party B for the previous month to Party B's Bank Account within 10（ten） business days after Party A confirmed the word count completed of the monthly Work delivered by Party B as set forth on Section 7.1(based on the timing of the outbound remittance) (which, if it is a public holiday, shall be postponed to the second business day after such public holiday) . If the given month's revenue is less than or equal to US$ [200], the calculation of share to Party B shall be extended until the amount exceeds US$ [200].
7.3 Other income payments to Party B
Other than the income payable to Party B pursuant to Clause 6.2 of this Agreement, Party A promises to remit income to Party B's bank account within three (3) months (subject to the timing required for of the outbound remittance) from the date such income to which Party B is entitled exceeds US$ [200].
(PER 7.3, this is where the confusion of the 3 months before receiving the funds was most likely from. But this is conflicting with 7.2 as they both pertain to the same thing. 6.2 is talking about the subscription of single chapter income only on Party A's channel which is based off paid spirit stones. So it is technically true that there is a mention of delaying the payment up to three months because this specific clause exists, conflicting with the one month stated in 7.2)
7.4 Payment method:
Party A shall make payment in US$ or an equivalent amount in Party B's local currency; the applicable exchange rate shall be based on the real-time exchange rates of the relevant payment channel on the date of the remittance.
See Annex 4 (Royalties Payment Account Confirmation) for Party B's designated bank account information.
7.5 Information on other relevant payments
Pursuant to applicable laws, Party A shall pay Party B's foregoing royalties (including royalties with deductibles) after deducting Party A's remittance fees. The foregoing royalties shall be a gross figure, in respect of which Party B shall independently pay corresponding taxes according to the laws of his/her jurisdiction of residence. Party A's Web Channel(s) shall provide a means for Party B to inquire and verify Party B's remuneration; Party A is not under an obligation to provide any other notification to Party B in respect of such remittances. All issues and legal liability related to Party B's failure to promptly provide its account information to Party A, or where the account information provided does not allow for payments or attracts other fees payable, shall be borne by Party B.
(PER 7.5, this is in relation to the info or breakdown regarding renumeration. Inkstone and webnovel, as a platform, has no way of giving you info on earnings broken down per chapter sold or the like. So with this clause, they are legally not required to provide you any other info other than what is on the two sites mentioned.)
8. Confidentiality
Party A and Party B agree that Party B shall be under obligations of confidentiality in respect of Party A's trade secrets or confidential information that Party B may obtain or become aware of in the course of this collaboration. Unless disclosure is required by a legal authority or disclosure is made with the written consent of Party A, if the use or disclosure of trade secrets and/or confidential information by Party B in violation of the provisions of this Agreement causes any direct or indirect loss to Party A (whether in terms of reputational damage or economic loss), Party A may require Party B to provide compensation in full for such losses, and, Party A has the right to suspend, rescind, or terminate this Agreement on this basis.
(PER 8, it only affects signatories. I don't see any signatories here, do you?)