Join us 11/12 for the TAA Webinar: ‘Negotiating (or Renegotiating) Your ​Textbook ​ Publishing Agreement: A Creative Focus on Business Terms’

While there are many aspects of an author-publisher relationship, the key component is your textbook publishing agreement. Publishing agreements determine the responsibilities of each party, as well as the deliverables, dates, revenue sharing in the form of royalties, and many other key elements. Join us Thursday, November 12 from 4-5 p.m. ET for the TAA Webinar, “Negotiating (or Renegotiating) Your Textbook Publishing Agreement: A Creative Focus on Business Terms”.

How to deconstruct and decipher your textbook royalty statement

Deciphering royalty statements to determine whether royalties being reported are accurate can be frustrating for both first time and veteran textbook authors. Royalty calculations should be relatively straightforward. That is, the contractually agreed-upon royalty rate for the Work multiplied by the earnings received by the publisher. However, add in escalation clauses, various rates for different sales categories or channels, co-authorship, packaged products, electronic materials, custom editions, abridgements, agreed-upon deductions, returns for reserves, specific definitions of earnings, multiple titles in various editions etc., and the calculation of royalties becomes much more complex.

Whose book title is it, anyway?

Professor Charlotte Smith, an up-and-coming young entomologist, decided to write a textbook for the always-popular, upper-level course on spiders.  After putting out a few feelers, she submitted a proposal to Six Legs Press, a leading publisher of  books about insects.  Six Legs loved the proposal and offered Professor Smith a contract. Charlotte was so abuzz with excitement—”tenure, here I come!” she yelled—that she signed the contract without even reading it.