On May 28, 2015, at Book Expo America in New York City, the Author’s Guild announced an ambitious new program — a must-read for every writer — named The “Fair Contract Initiative.” This initiative is a series of commentaries that will take “a fresh look at the standard book publishing contract.” According to the announcement, … Continue reading Authors Guild Announces Fair Contract Initiative
Publishers traditionally have based royalties on the retail price of the book – the list or cover price – or more rarely, the invoice (wholesale) price of the book. Another approach, however, always has existed: a net revenue formula. This formula is based on the publisher’s actual receipts after all discounts and costs of sale, … Continue reading The Net Revenue Royalty Clause
Q. I have been given a contract that requires me to waive “moral rights” in my work. What am I giving up? I consider myself a moral person. A. Moral rights actually have nothing to do with what morality – i.e., principles concerning right and wrong, or good and bad behavior. Instead, moral rights are … Continue reading What Are Moral Rights?
An agency clause is a paragraph of legalese in your publishing agreement. It gives your agent the right to collect all royalties (including advances) directly from the publisher. The agent then deducts her commission from that amount, and sends the remainder to you. The agency clause isn’t required by your publisher — it has no … Continue reading Agency Clauses in Publishing Agreements
Q. I wrote my (ex) publisher asking for reversion of my rights for my out of print books. The time period specified in the contract has passed and I still haven’t heard back. I sent an email referencing the letter and my request and got no response to that, either. In that email I said … Continue reading Q&A: Reversion of Rights
It’s arrived –your first traditional (not an e-book!) publishing contract: ten pages of single-spaced Times Roman. All the work, the revisions, the seemingly endless waiting for replies from publishers has finally paid off. And you’re grateful, right? Of course you are. Especially because your editor told you it’s a “standard” contract. “Just sign and send it back,” … Continue reading First Publishing Deal