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Some of the most essential clauses of a standard (boilerplate) book publishing contract are: Grant of Rights, Subsidiary Rights, Delivery and Acceptance, Publication, Copyright, Advance (if there is any), Royalties, and Out of Print.
You should NEVER sign over IP rights to a book b/c your publisher will most likely only be one of many publishers you have for the book. Most publishing deals should last 3-5 years maximum, and then you will get the right back, at which time you can look for another publisher.
Works published after 1923, but before 1978 are protected for 95 years from the date of publication. If the work was created, but not published, before 1978, the copyright lasts for the life of the author plus 70 years.
First and most obvious, check your contract for a termination clause. If there's no termination clause, try approaching the publisher and simply asking to be released. If you're a member of a writers' group, they may be able to help.
In most cases, this is an arrangement that lasts for the rest of your life and then some (a copyright lasts for 70 years beyond your death). Also, in most cases, that recording that the publisher split with you or loaned you money to make is entirely their property.
Typically, an author can expect to receive the following royalties: Hardback edition: 10% of the retail price on the first 5,000 copies. 12.5% for the next 5,000 copies sold, then 15% for all further copies sold. Paperback: 8% of retail price on the first 150,000 copies sold, then 10% thereafter.
Only a ONE-time payment, usually 23 percent of Final Budget, for Based on the Book by credit. THAT'S IT. The Written by writer(s) IS entitled to royalties for re-exhibition. These payments and royalties are usually governed by Guild contracts for most commercially produced films and TV shows.
What Is a Book Royalty? When a book publisher contracts with an author to publish a book, in essence, the author (who is the copyright holder) grants the publisher the right to publish the work for an agreed-upon amount of money. This money is called a royalty and is expressed as a percentage of sales.
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