Basic Outline of a Book Contract

Basic Outline of a Book ContractBasic Outline of a Book ContractIn addition to the specific terms the author and publisher have agreed upon for such items as the type of book, the advance against royalty amount, and the delivery date, the standard book contract encompasses a lengthy number of clauses covering important points in a books life cycle and an authors compensation. While exact wording and terms vary by publisher, by imprint, and by individual deals, many of the topics addressed by the contract are standard. What follows is a list of the typical clauses of a book contract, along with brief descriptions as to their purpose. The Work The nuts and bolts of the manuscript to be delivered a novel of approximately 40,000 words a cookbook with 100 recipes and 50 color photographs. Description of the Work Further details describing the agreed-upon content a mystery novel in the Spooky Attic series, featuring the character Detective Dusty recipes for everyday family-friendly dishes that take no more than 15 minutes to cook. Grant of Rights Territories Generally specifies that the publishers is to get world or global rights to any and all editions of the work for the duration of the copyright (currently, the authors life plus 70 years). Advance Against Royalties Outlines the payment schedule for the upfront monies given to the author. Delivery and Acceptance of Manuscript Details delivery dates of thefull text of the book, penalties or out clauses if the manuscript isnt delivered, etc. Proofreading and Authors Corrections Outlines the extent of changes once the book goes into copyediting/production usually intended to curtail any extensive (and expensive) editorial amendments. Publication Concerns the publishers obligations to bring the book to market within a certain timeframe. Promotional Materials / Promotion by Author Concerns the authors obligations to promote and publicize the book (cooperation, use of promotional materials /photos, etc.) For high-profile authors, this clause sometimes includes a guarantee to actively appear and promote the book for a certain amount of time (say, two weeks). Author Copies Authors are usually contractually entitled to a limited amount of free copies of their book, usually 20 to 25, and then allowed to purchase additional copies at a discount (generally 50% of the cover price). Note that many contracts stipulate these copies are for personal use and explicitly not for resale. If youre an author who intends to sell your book on your own (say, at readings or book signings that you arrange), make sure to negotiate this point to come to a different resale agreement. Copyright Dictates how the copyright notice should appear. It should be in the authors name, not the publishers. Royalties Generally, a long and complex section that deals with the percentage of book-related sales the author will receive. It outlines the rates and the terms.Any traditionally published author will be earning different royalty rates for different types of book sales and subsidiary rights sales. Any compensation given to the author before the book comes out is also indicated here it is known as an advance against royalties or simply an advance. Subsidiary Rights Another extensive portion of the contract, subsidiary rights refer to the rights the author grants the publisher to sub-license his book (the work) for various formats and adaptations in addition to the original one (usually, a hardcover book). The clause specifies which subsidiary rights that are being granted by the agreement, and also outlines the percentage of the sub-license fees received by the publisher (from the third-party licensor) that will go to the author. Settlements of Accounts Concerns the accounting of royalties, the timing of payments and royalty statements, etc. Competitive Works Prevents the author from writing a competitive work for another publisher at the time of the books publication. Warranties and Indemnities Guarantees concerning the authorship of the work, that the work isnt libelous, etc. Original Work Concerns the trafficking of original materials and any reparations made for lost or damaged original work. Inserts, Back of Book Advertising Prevents the publisher from selling any part of thebook for advertising space. Next Publication of Authors Work Stipulates that the book contracted will be the latest work of the author (i.e., she wont publish something else before it comes out). Option (For Subsequent Work) Outlines the publishers first right of refusal for the authors future work. Out of Print Dictates the reversion of rights to the author if the publisher decides to cease publishing new editions of the work, letting it go out of print. Remainders Dictates procedure to remaining copies of the work, if the publisher decides to no longer keep the book in print. Governing Law Dictates which states laws govern t he contract agreement. Assignment Covers third parties, like heirs, executors, etc. to whom rights and royalties go in case of the authors death. Agency Gives the authors literary werber the right to act on behalf of the author and the work with the publisher. Reserved Rights Assigns any rights not explicitly stated in the contract to the author. Bankruptcy Details what happens in the event the publisher goes out of business or declares bankruptcy. Full Agreement The section for signatures for all parties.Disclaimer This article is not a substitute for authoritative legal advice. If you are negotiating a book contract, you should seek the counsel of a literary agent and/or an attorney. The Authors Guild has a contract review service for members.