Something that frightens me just a little bit...
...about the PA contract, that is.
As many of you know, I am signed with that company. I was reading over the contract last night, and read a passage that, were it not so warm in my place last night, would have sent deep chills down my spine.
This is from Par. 24; it scares me half to death about the future of my book:
"When in the judgment of the Publisher, the public demand for the work is no longer sufficient to warrant its continued manufacture, the Publisher may discontinue further manufacture and destroy any or all plates, books, sheets and electronic files without any liability in connection therewith to the Author. However, the Publisher agrees to notify the Author of such decision in writing, and will offer to transfer to the Author the work and its rights in the copyrights thereon, the plates (if any), the bound copies and sheet stock (if any) on the following terms F.O.B. point of shipment: the plates at their value for old metal, the engravings (to be used only in the work) at one-half (1/2) their original cost, the bound stock at one-half (1/2) the list price, and the sheet stock at cost of gathering, folding, sewing and preparing for shipment, all without royalties. In the latter event, unless the Author shall, within 30 days, accept said offer and pay the amount set forth in said writing, the Publisher may dispose of the work, copyrights, plates, books, sheets and other property without further liability for royalties or otherwise."
(Quoted from my own hard-copy of my contract with PublishAmerica)
Did anyone catch the last sentence? "In the latter event, unless the Author shall, within 30 days accept said offer and pay the amount set forth in said writing, the Publisher may dispose of the work, COPYRIGHTS, plates, books, sheets, and other property without further liability for royalties or otherwise."
I had been told by PA the Copyright was mine. Now I'm reading, if I read this correctly, that if I decide not to BUY my OWN COPYRIGHT back from them, my copyright may be disposed of by the publisher without liability to me, the author of the book?
If this is true, this gives whole new meaning to me of their statement, "We want their BOOK, not their money."
Now I know I read that contract before I signed it, but until now I never made this connection.
I honestly want to know if I read that right.
Is my copyrighted material mine, any more? Or is it, unless I BUY it back from PA, their own property?
Sean D. Schaffer