Assignment of Copyright of a Book (Reserving Royalty) (India)
This document is a formal deed for the assignment of copyright of a book from an author to a publisher or third party. It establishes the transfer of publishing, printing, and translation rights in exchange for a specified financial consideration and includes provisions for royalty reservations as per Indian law.
BOOK RESERVING ROYALTY This Deed of Assignment is executed on this _______________day of ________. S/o Sh. _________________________________, R/o _____________________________________ (hereinafter called "the assignor") which expression shall include his successors, executors and administrators of the one part S/o Sh. __________________________________, R/o _____________________________________ (hereinafter called "the assignee") which expression shall his successors, executors and administrators of the other part. the assignor (the receipt of which the assignor hereby acknowledges) the assignor being completely beneficial owner of the copyright in the said book, hereby assigns, transfers and sells absolutely to the assignee the copyright of the above-stated, book written by the assignor. 2 |
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About this template
What is this template?
This is a transfer of ownership agreement for intellectual property specifically tailored for the literary publishing industry. It differs from a license by permanently moving the copyright to the publisher, while including a specific reversion clause if the book is no longer sold. It contains specific placeholders for royalty percentages and accounting frequency.
When should you use it?
Use this when an author wants to sell their book rights but remain entitled to a share of future sales. If the author is retaining copyright and only granting permission to print, use a Publishing License Agreement instead.
What's inside
| Clause | Name | What it does |
|---|---|---|
| 1 | Assignment of Copyright | The Author transfers the absolute copyright of the book to the Publisher for its entire legal duration. |
| 2 | Payment of Royalty | The Publisher pays the Author a royalty of [Percentage]% on the published price of every copy sold. |
| 3 | Rendering of Accounts | The Publisher provides accounts of sales twice a year and settles royalty payments within [Number] days of accounting. |
| 5 | Reversion of Rights | Copyright reverts to the Author if the Publisher fails to reprint the book within [Number] months of it going out of print. |
Who it's for
- an author in India transferring ownership of a book to a publishing house
- a publisher acquiring the exclusive right to a literary work while paying ongoing royalties
How long it runs and how it's signed
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