Recently a friend received a contract for a short story (anthology), and wanted me to go over it. Unfortunately I'm clueless when it comes to legal jargon.
I was hoping someone here could let me know what rights my friend is giving away with this short story. Thanks for any comments. Here is the part of the contract under question:
The Author grants and assigns to the Publisher, One time exclusive rights to publish the story included in the above mentioned book and the Publisher shall retain rights of printing the story five years from the date of publication. The same rights are given for a Kindle edition. Podcasting rights are also given for the five year period. If after the five year contract the Publisher and Author agree, printing of the story in the Anthology will continue.
Copyright of the book as a whole is to remain with the publisher for the first five years.
Author will list “Generic Magazine” as the original publisher should he/she have the story reprinted. Prior permission from the publisher is required before reprinting of above story.
All subsidiary rights are clearly with the author, which is good, but I'm slightly unsettled by the language in bold. Perhaps I shouldn't be.
Thanks for any pointers.
I was hoping someone here could let me know what rights my friend is giving away with this short story. Thanks for any comments. Here is the part of the contract under question:
The Author grants and assigns to the Publisher, One time exclusive rights to publish the story included in the above mentioned book and the Publisher shall retain rights of printing the story five years from the date of publication. The same rights are given for a Kindle edition. Podcasting rights are also given for the five year period. If after the five year contract the Publisher and Author agree, printing of the story in the Anthology will continue.
Copyright of the book as a whole is to remain with the publisher for the first five years.
Author will list “Generic Magazine” as the original publisher should he/she have the story reprinted. Prior permission from the publisher is required before reprinting of above story.
All subsidiary rights are clearly with the author, which is good, but I'm slightly unsettled by the language in bold. Perhaps I shouldn't be.
Thanks for any pointers.