If you’ve never had the privilege of reading a publisher’s contract, we envy you. That being said, if you’re serious about writing a book — or better, have sold a book, you damn well better know the concepts contained in such an agreement. Or hire a literary lawyer to explain them (unless you have a very contract-savvy agent). Or both. We really advocate both. In fact, we strongly suggest that nobody ever sign a contract without legal advice. In keeping with our education is key mantra, we are providing some introduction to the terminology found in standard contracts. We would also love it if someone could point us to a few resources that explain advances, recoupment, calculation of royalties, reserves, returns, and all that good stuff (before we make ourselves crazy with guilt because we don’t have time to write these articles). Learn these terms — you too can be a well-informed citizen. For the record, we haven’t scrutinized the advice contained in these articles…be informed, and be aware.
- Reading a Contract
- Tara K. Harper, FAQ: Contracts
- Electronic Rights: Publishing Agreement – Grant of Rights & Royalty Clauses
