Agreement between Author and New Publisher (India)
This agreement outlines the terms between an author and a new publisher for the revision and republication of an existing book. It covers the author's obligation to update the manuscript, royalty payment structures, auditing rights, and the transfer of publishing licenses.
Agreement between Author and New Publisher
AGREEMENT is made at _________ this day of___________ between ________________R/o ______________Hereinafter referred to as the `Author' of the First Part &......................carrying on business at _____________ Hereinafter referred to as `the New Publisher of the Other Part.
WHEREAS
1. The Author, by a Deed of Assignment dated ______________between the Author and_________________ (hereinafter referred as the Old Publisher) in consideration therein mentioned, assigned to the said. Old Publisher all his copy right in the book titled _______________written by him subject to certain reservations particularly regarding subsequent edition of the book and the first edition has been published by the said old Publisher in the year_______________
2. The said Old Publisher has in his turn assigned the said copyright in the said book to the New Publisher by a Deed of Assignment dated........ 200-
3. The Old Publisher had brought out, and sold one edition of the said book and the book is due for republication, being in demand.
4. The New Publisher has approached the Author with a request to re-edit the said Book by making necessary, additions omissions or alterations so as to bring it up-to-date and which the Author has agreed to do on the following terms and conditions.
NOW IT IS AGREED BY THE PARTIES HERETO AS FOLLOWS:
1. The Author, at the request of the New Publisher agrees to re-edit the said book entitled ______________by making necessary additions, omissions, alterations or corrections as may be necessary to make it up-to-date. The Author agrees to complete the said work within __________months from the date hereof and to hand over to the New Publisher the re-edited manuscript copy of the said book.
2. The Author grants license to the New Publisher to publish such a revised edition to be prepared by the Author.
3. The Author covenants that he will not give any license to any other person for republishing the said book revised or unrevised.
4. The New Publisher agrees to pay to the Author by way of royalty for the revised edition a sum equal to ________per cent of the price of each copy of the book sold less the proportionate costs of printing and the amount will be paid at the end of every ________months from the publication of the revised edition for all copies during the said period.
5. The New Publisher shall send to the Author every _______months a statement of account in respect of the royalty payable to the Author and the Author will have the right to inspect the books of account, vouchers and papers of the New Publisher to verify the correctness of the account submitted by the New Publisher.
6. The Author shall have a lien on the unsold copies for the amount of royalty due and payable to him and he will be entitled to enforce the said lien through Court.
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