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”.
Join us 10/27 for the TAA Webinar ‘What is a Textbook Royalty Audit and How Do I Know If I Need One?’
A textbook royalty audit can provide answers to the many questions authors have about their royalty payments and the distribution of their books, including: “How are my royalties being calculated when my book is packaged and sold with other books or content?”, “How am I being paid when a custom book is printed with some of my chapter content along with other content?”, and “My book was ranked in the top 5 on Amazon.com! Why haven’t I seen an increase in my royalty payments?”
Join us Tuesday, October 27 from 10 a.m. to 11 a.m. ET Â for the TAA webinar, “What is a Textbook Royalty Audit and How Do I Know If I Need One?”, where CPA Juli Saitz from FTI Consulting will share the steps involved in a textbook royalty audit and how to determine if you should conduct one to assert your contractual audit rights. Register today!
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.
New 2015 TAA Fall Webinars – Improve Your Skills
Summer is rapidly coming to a close, meaning fall and classes are just around the corner. Now is the perfect time to start thinking about and planning your fall writing projects. Whether you are interested in learning the steps for developing a textbook, creating an online presence to build your academic brand, educating yourself on textbook royalty audits or publishing agreements, or how to write clearer academic pose, TAA’s fall webinar series for textbook and academic authors has you covered. Join us as various industry experts share their expertise on academic and textbook writing topics.
Textbook contract negotiations: Do your homework
When it comes to contract negotiations, you have to do your homework, says Steve Gillen, partner at Wood, Herron & Evans, where he concentrates his practice on publishing, media, and copyright matters. “Negotiations are ultimately influenced by which side knows the most about the other side’s positions. The editor starts this contest with an advantage gained from experience in the market, experience doing other similar deals (undoubtedly many more than you have done), and the benefits of your perspective as reflected in your proposal. The way to get on an even footing with the editor/publisher is to learn more about the publisher’s plans for, and expectations of, your work — information that will help you evaluate your leverage and the editor’s weaknesses.
Refusal to publish: What you need to know
What would you do if your textbook publisher asked you to work on a 3rd edition of your textbook only…