Please choose the correct ending to complete the given sentence: Finance and Business: [header] How to account for royalty payments [title] Negotiate contracts so that royalties are payable at regular intervals. [step] If possible, negotiate royalties so that they can be paid monthly, quarterly or semi-annually. In any case, be sure that you and your licensor are on the same page on the contract and payments terms.

Ending1: [substeps] If you are selling land, you should at least consider negotiating a full possible agreement with the licensing agency. [title] Cut out excess spending or increase your deductible. Ending2: Make sure the artist or contract holder is fully aware of when they will receive their payments. [title] Collect tax information on each person who will be paid royalties. Ending3: Make sure that you share the financial load with your licensor. [substeps] Negotiate on the standard, large out-of-pocket bills. Ending4: This protects the licensor and its client in the event of an unauthorized payment. [substeps] Some contracts are legally binding unless an agreement is in writing.

Answer format: ending1/ending2/ending3/ending4