How much should be the royalty fees for my software

jkiley,

first congrats! sounds exciting. The first thing you need to do is due diligence on this company to see who they are and what type of reputation they have. The best way to do this is with your own lawyer. At the very least your accountant. But before signing any contract you really need to understand it! and that's where your own lawyer is invaluable.

Retail distribution can be brutal - especially with Walmart etc. They're basically a consignment shop - and you're going to be at the bottom of the food chain when it comes to getting paid. The terms of how you get paid are typically spelled out in the contract - and the rate is just one part of that.

Things like % of net or gross sales - or retail price etc. Time frames for getting paid, what costs are deducted or charged to you, and how often you can audit their records. If an audit clause is not in the contract you really should have that added.

I'm more familiar with author contracts and work for hire than retail royalties but if you have a specific question I'd be more than happy to help you. But I'd highly suggest you have your own lawyer look things over.

Again - congrats and good luck!
best,
--Jack