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The Steve Laube Agency

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The Steve Laube Agency

The Steve Laube Agency

Helping to Change the World Word by Word

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Home » Archives for Steve Laube » Page 16

Steve Laube

R Is for Reversion of Rights

By Steve Laubeon November 27, 2023
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You’ve published your book with a publisher. But it has been some time since it was published, and it feels like the publisher is no longer interested in promoting your book. Or the book is “old” enough that the publisher isn’t going to spend new money to sell copies but is simply keeping it available.

Or the print edition of the book is no longer available, but it is still considered “in print” because an ebook edition is still available.

Now you want the rights back so you can do something with your work that the publisher is unlikely to do. This is called reversion of rights. Defined by Joanna Penn as “a clause in a literary contract that allows authors to work with their publisher to regain some or all of their book rights after certain conditions are met.”

How Do You Get Your Rights Back?

First, define what you mean by “rights.” A typical book contract has a “grant of rights” section defining what rights you grant to the publisher. Usually, this means the right to print and distribute your book in physical or digital form (or audio, etc.).

Hopefully, your contract has a “termination” clause, which defines the conditions that, when met, allow you to get your rights back.

This is one reason to have an agent guiding your career because I have encountered numerous situations where the author was prevented from reversion due to an unfriendly clause or two.

We strive to have a dollar amount be the condition. “What does that mean?” you ask. Let’s say that three years after first publication, if your book has not earned $500 in author royalty earnings in the previous 12 months, you can request reversion of the rights to your book. Note the conditions: (1) Three years, (2) $500 in earnings in the past year.

While that may seem simple, it can be complicated if you were paid a large advance that has not yet been covered by your author earnings. In some cases, the publisher has said, “If you pay back the remaining amount of your unearned advance, we will revert the rights.” In other cases, the publisher tacked on the statement, “And if you buy the remaining print inventory we have in the warehouse, we will revert the rights.”

Ouch. If the last paragraph is your situation, it can be expensive. I remember one case where the publisher had over 2,000 physical books in their warehouse; and the author couldn’t afford to buy them all, even at a huge discount. So she waited three years and worked her best to sell those books at speaking events around the country. Then she asked again, and the publisher had 200 left in the warehouse; and she was able to buy those and get the rights reverted. She now sells them herself wherever she goes and uses a service like Ingram Spark or Amazon Kindle Direct Publishing to keep the book available online.

As I wrote, it can be complicated.

What Plans Do You Have if You Get Your Rights Back?

Getting your rights back is fine if you have a plan. You will have to change the interior copyright page and title page to remove the publisher’s information. You may have to retypeset the book if the publisher is unable or unwilling to provide those digital files. You will have to get a new cover because the publisher may not own the rights to the cover (the designer may own those rights). You may want to rewrite certain sections to bring the book up to date. Etcetera, etcetera.

We have several clients who successfully had their rights reverted and now have a strong indie publishing business selling their books on their own.

In the last month, we have worked with a half dozen of our clients seeking the reversion of their rights. Each case was different as we were dealing with six different publishers and six different contracts written at different times under different circumstances.

Your mileage may vary.

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Category: Book Business, Contracts, Publishing A-Z

T Is for Thank You

By Steve Laubeon November 20, 2023
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‘Tis the season in the U.S. to celebrate Thanksgiving and to take a moment to be thankful. Today I would like to thank you. To thank those of you who read our blog regularly either via an email subscription or RSS feed or visiting the site. I am grateful for the time you have invested in reading what we write. Ask any of us, and we will tell you the hours we spend in creating these posts and …

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Category: Agency, PersonalTag: thanksgiving

Fun Fridays – November 17, 2023

By Steve Laubeon November 17, 2023
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Writing is a solo creative venture. Or so it may seem. But sometimes, a collaborative effort can make the solo a chorus. Today’s video is an expression of that community effort. Four people playing one guitar. Brilliant! Who are some people in your life who make your creativity greater because of their contributions?

Read moreFun Fridays – November 17, 2023
Category: Fun Fridays

F Is for Foreign Rights

By Steve Laubeon November 13, 2023
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(A version of this post was published in Spring 2022. It has been revised for today.) Those of us in the United States tend to frame the publishing universe within our borders in the English language. We can forget that publishing is a global concern. You may have heard of Penguin Random House (owned by Bertelsmann, a German company) because their various imprints dominate the best-seller list. …

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Category: Book Business, Publishing A-ZTag: Book Business, Foreign rights

Fun Fridays – November 10, 2023

By Steve Laubeon November 10, 2023
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Dueling percussionists! Enjoy today’s Fun Friday! What they must have been like in their high school marching band pit:

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Category: Fun Fridays

R Is for Reserve Against Returns

By Steve Laubeon November 6, 2023
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Every traditionally published author needs to understand the principle of “Reserves Against Returns,” which is an integral part of publishing economics. It can reduce the amount of money an author receives in their royalty statement. It is usually a shock and elicits a phone call to their agent crying, “What happened to my money?” Did you realize that book publishing is the …

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Category: Book Business, Publishing A-ZTag: Book Business, Contracts, Get Published, Money, Traditional Publishing

Fun Fridays – November 3, 2023

By Steve Laubeon November 3, 2023
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Sit back and let this performance wash over you. Turn the volume up. “Shall We Gather at the River.” Gorgeous. HT: Dick Malone

Read moreFun Fridays – November 3, 2023
Category: Fun Fridays

J Is for Just-in-Time

By Steve Laubeon October 30, 2023
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The economics of bookselling are complex and ever-changing. There is a method of inventory control called “Just-in-Time” (or JIT) that revolutionized both the retail and manufacturing industries. When I began as a bookseller, there was no such thing as computerized inventory, at least not in the Christian bookstore business. We used a method called “Stack ’em high and watch ’em fly.” Because “If …

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Category: Book Business, Marketing, Publishing A-ZTag: Book Business, Economics, Publishing A-Z, Technology

Fun Fridays – October 27, 2023

By Steve Laubeon October 27, 2023
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I title today’s video “Leave it to the proofreader to find the ONE mistake in your entire masterpiece.” HAHA!

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Category: Fun Fridays

H Is for Hybrid

By Steve Laubeon October 23, 2023
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To state the obvious, the publishing industry has changed rather dramatically over the last few years. The possibility for a writer to inexpensively produce their own books (in e-book form) shifted the sands. In addition, the economic challenges facing the brick-and-mortar bookstore reduced the amount of shelf space available to launch a new book via traditional methods. It appears to be an …

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Category: Publishing A-Z, SteveTag: hybrid author; ebooks, publishing
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