Agreement of Licence to Publish on Lump Sum Consideration (India) by OLL
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Agreement of Licence to Publish on Lump Sum Consideration
AGREEMENT is made at ___________this _____day of ___________between Mr._____________ r/o_______________ Here in after referred to as `the Author' of the FIRST PART and Mr. .........................r/o.......................Hereinafter referred to as `the Publisher' of the OTHER PART.
WHEREAS
1. The Author has written a book being a commentary on ___________ Act.
2. The Publisher has offered to publish the same on the following terms and conditions and which are agreed to by the Author.
NOW IT IS AGREED BETWEEN THE PARTIES HERETO AS FOLLOWS:
1. The Publisher agrees to publish the said book entitled __________within a period of......months from the delivery of the manuscript of the book by the Author to the Publisher. The printing and publishing will be done by the Publisher at his own costs.
2. The Author will deliver the manuscript of the book, complete in all respects within two months from the date hereof. The Author hereby grants license to the Publisher to print and publish the said book subject to the terms and conditions herein mentioned.
3. The Publisher has agreed to pay a lump sum of Rs __________as royalty to the Author out of which a sum of Rs.__________ is paid on the execution of these presents as advance and the balance will be paid within a week from the time the book is printed and ready for publication. The Publisher will not be entitled to sell any copy of the book unless the said amount is paid to the Author and until such payment the said amount will remain a charge on the copies in the possession of the Publisher or his Agents.
4. Subject to the right of publication hereby given to the Publisher the copyright in the book including the right for further publication will remain with the Author.
5. The Publisher shall print only _________ copies of the book and no more and the price of the book will not be more than Rs_______________ per copy.
6. The Publisher shall show the final proof of the print to the Author for his verification and the Author will be entitled to make any formal changes therein and to correct mistakes. The cover of the book will be got approved by the Author.
7. The Publisher will be entitled to advertise the book as best as he can but at his own costs.The book as well as the advertisements will show the name of the Author prominently.
8. The Publisher will have no right to take out more copies than that is provided above and will not take out any fresh print without the consent of the Author.
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This template is an agreement between an author and a publisher for the publication of a book in exchange for a one-time lump sum payment. It outlines rights regarding the number of copies printed, manuscript delivery deadlines, and ensures the author retains the underlying copyright while granting a specific license to the publisher.
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About this template
What is this template?
This is a fixed-fee publishing license that restricts the publisher to a single print run of a specific volume. It is not a copyright assignment, meaning the author keeps ownership of the intellectual property. It features a specific charge on physical copies if the final royalty balance is not paid within one week of printing.
When should you use it?
Use this when an author wants a guaranteed payment upfront regardless of sales volume for a specific number of books. Use a Royalty Agreement with Percentage based payments if the author prefers ongoing income based on actual retail performance.
What's inside
| Clause | Name | What it does |
|---|---|---|
| 1 | Publication Timeline | Requires the Publisher to publish the book within a specified number of months after receiving the manuscript at their own cost. |
| 3 | Lump Sum Royalty | Obliges the Publisher to pay a fixed amount in Rupees, with an advance due on signing and the balance due before sale. |
| 4 | Retention of Copyright | Expressly reserves the copyright and the right for further publications to the Author despite the license granted. |
| 5 | Print Run and Price | Limits the Publisher to a specific number of copies and caps the retail price per copy at a stated Rupee amount. |
| 6 | Author Approval | Grants the Author the right to verify final proofs, make formal changes, and approve the book cover design. |
| 9 | New Editions | Provides the Publisher a first option on new editions provided that 90% of the current stock has been sold. |
| 12 | Originality Warranty | The Author warrants the work is original and agrees to indemnify the Publisher against third-party copyright infringement claims. |
Who it's for
- an author in India licensing a book commentary to a publisher for a single edition
- a publisher paying a fixed lump sum instead of ongoing percentage-based royalties
- a legal writer granting a restricted license for a specific number of copies
How long it runs and how it's signed
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