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446: Reading a Book Contract
Jess here with Sarina Bowen to help simplify and demystify author contracts. Let’s start off with a wonderful resource called The Authors Guild. They have sample contracts on their website
The Authors Guild Sample Contract
ONE You’re not “selling” your book. You’re licensing it.
TWO Grant of rights
Term length
Which territories
Which formats
Territories
The Authors Guild Sample Contract
ONE You’re not “selling” your book. You’re licensing it.
TWO Grant of rights
Term length
Which territories
Which formats
Territories
Formats and sub rights
Time limits
AG says: The standard license term for traditional trade publishing deals is "the whole term of copyright"
THREE Financial remuneration: advances and royalty rates. WHEN is it paid? What percentages?
Advance and payment schedule
THREE Financial remuneration: advances and royalty rates. WHEN is it paid? What percentages?
Advance and payment schedule
FOUR Manuscript delivery and acceptance. What happens if people are unhappy.
FIVE Other clauses
Copyright stipulation
The Option Clause
The Next Published Work Clause
Cover approval vs consideration or collaboration
Narrator approval vs consideration
Indemnification
What are reserves against returns?
Reversion terms: bankruptcy, failure to publish, failure to pay, and out of print
Red flags:
FIVE Other clauses
Copyright stipulation
The Option Clause
The Next Published Work Clause
Cover approval vs consideration or collaboration
Narrator approval vs consideration
Indemnification
What are reserves against returns?
Reversion terms: bankruptcy, failure to publish, failure to pay, and out of print
Red flags:
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By #AmWriting with Jess & KJJess here with Sarina Bowen to help simplify and demystify author contracts. Let’s start off with a wonderful resource called The Authors Guild. They have sample contracts on their website
The Authors Guild Sample Contract
ONE You’re not “selling” your book. You’re licensing it.
TWO Grant of rights
Term length
Which territories
Which formats
Territories
The Authors Guild Sample Contract
ONE You’re not “selling” your book. You’re licensing it.
TWO Grant of rights
Term length
Which territories
Which formats
Territories
Formats and sub rights
Time limits
AG says: The standard license term for traditional trade publishing deals is "the whole term of copyright"
THREE Financial remuneration: advances and royalty rates. WHEN is it paid? What percentages?
Advance and payment schedule
THREE Financial remuneration: advances and royalty rates. WHEN is it paid? What percentages?
Advance and payment schedule
FOUR Manuscript delivery and acceptance. What happens if people are unhappy.
FIVE Other clauses
Copyright stipulation
The Option Clause
The Next Published Work Clause
Cover approval vs consideration or collaboration
Narrator approval vs consideration
Indemnification
What are reserves against returns?
Reversion terms: bankruptcy, failure to publish, failure to pay, and out of print
Red flags:
FIVE Other clauses
Copyright stipulation
The Option Clause
The Next Published Work Clause
Cover approval vs consideration or collaboration
Narrator approval vs consideration
Indemnification
What are reserves against returns?
Reversion terms: bankruptcy, failure to publish, failure to pay, and out of print
Red flags: