# Setting up your default contracts

### Royalty contracts & payments

\- \*\*DefaultContractTermsRate\*\*: please let us know the % for your default contract; for the sake of clarity it is best if you write out exactly the way you want the default contract to operate (any deductions, any considerations aside from a straight %, etc.)

\- \*\*Minimum payment threshold\*\* (The sum under which you won't actually proceed with a payment to your rights-holders — this is done to save on payout fees.)

\- \*\*Paypal\*\*: If you will be using Paypal for royalty payments, add your credentials to your account from \_Services>Payments>Paypal\_

Contract import template: