TRANSLATION RIGHTS AGREEMENT - Alvareztemp
TRANSLATION RIGHTS AGREEMENT - Alvareztemp
TRANSLATION RIGHTS AGREEMENT - Alvareztemp
Dated as of [Insert date on which the Agreement is to be effective] (“the Effective Date”).
This Foreign Rights Agreement (“Agreement”) is entered into as of the Effective Date by
and between [Insert name of U.S. publisher], [Insert legal description of U.S. publisher,
e.g., “an Oregon limited liability company”] (“Licensee”), [Insert U.S. publisher’s postal
and email addresses], on one side, and [Insert name of foreign publisher], [Insert legal
description of foreign publisher]
(“Licensor”), [Name of author], on the other side, concerning a work of authorship titled
[Insert title of the work] (“Work”) by [Insert name(s) of Author(s)] (“Author”), on the
following Terms and Conditions.
2. The right to scan artwork, photographs, charts, and other images that
appear in the Licensor’s
current edition of the Work, and to reproduce such images in copies of the Translation as
published by Licensee pursuant to this Agreement (“Licensee’s Edition”).
c. E-books; and
d. Audiobook
2. Territory. The territory in which Licensee may exercise the rights granted in
this Agreement is [Insert a description of the foreign publisher’s territory by country,
region or “the world”] (“Territory”).
3. Term. The term of this Agreement shall commence as of the Effective Date
and expire automatically on the [Insert the number of years, e.g., “third,” “fifth,”
“seventh,” “tenth,” etc.] anniversary of the Effective Date unless extended or replaced by
a signed written agreement between the parties.
4. Exclusivity.
Licensee’s right to publish the Licensee’s Edition in the Language of Translation and the
Authorized Formats shall be exclusive in the Territory during the Term of this Agreement.
5. Delivery of the Work. Upon the signing of this Agreement by all parties, and payment
of the advance specified in Section 13 below, Licensor will provide Licensee with a
complete copy of the Work in the form of electronic files in a format to be mutually agreed
by the parties. Any expense incurred by Licensor in creating and providing electronic files
shall be paid by Licensee.
6. Additional Registrations Needed. Upon entering into this agreement, the Licensor shall
procure the following documents:
a. Updated Copyright Registration
b. Updated Library of Congress accession, control, and cataloging number.
6. The Translation.
2. The title of the Work, the name of the author of the Work, and the
copyright notice, all exactly as they appear in the Licensor’s edition of the Work, shall
appear in the English language on the reverse side of the title page of each copy of the
Licensee’s Edition.
3. The title and author of the Work shall appear with due prominence on
the covers and binding of all copies of Licensee’s Edition and all advertising, publicity,
promotional and catalogue materials for Licensee’s Edition.
10. Publication Date and Suggested Retail Price. Licensee shall inform
Licensor in writing of
(i) the Publication Date,
(ii) the Licensee’s suggested retail price (“SRP”) of the first and all subsequent
printings of Licensee’s Edition in each of the Authorized Formats, and
(iii) the number of copies printed or otherwise reproduced in each of the Authorized
Formats, all promptly upon each printing or other form of reproduction.
11. Termination for Failure to Publish. If Licensee does not print the first
printed edition of Licensee’s Edition in the quantity and by the Publication Date specified
above, and/or if Licensee fails to keep
Licensee’s Edition in print throughout the Term, Licensor shall have the right to terminate
this Agreement by notice in writing and retain the advance previously paid by Licensee.
Licensee’s Edition shall be deemed to be out of print if available only in POD, e-book
and/or audiobook editions.
12. Free Copies and Additional Copies. Licensee, at its own cost and expense,
shall provide [Insert number of free copies, e.g., “ten (10)”] free copies of the first printing
of Licensee’s Edition in each Authorized Format, and [Insert number of free copies, e.g.,
“ten (10)”] free copies of each additional printing and/or other form of reproduction of
Licensee’s Edition in each Authorized Format to Licensor promptly upon completion of
each such printing or other form of reproduction. Licensor may purchase additional copies
of Licensee’s Edition at the best available discount, but not less than a discount of fifty
percent (50%) off the SRP, plus shipping, and shall be free to dispose of such copies in its
sole discretion.
14. Royalties.
1. Licensee shall pay Licensor the following royalties on all copies of the
Licensee’s Edition sold in all Authorized Formats:
c. 80% percent of Licensee’s retail price on all copies of Licensee’s Edition sold
in audiobook formats.
Licensee shall render annual statements of account, which shall include the number of
copies printed (and/or otherwise reproduced) and sold during the previous calendar year or
any portion thereof, the applicable SRP of the copies sold, the royalty rate that applies to
all such sales, and other information requested by Licensor, and Licensee shall pay the
royalties then due, within ninety (90) calendar days after the end of each calendar year.
3. Licensee shall be entitled to recoup the advance actually paid to
Licensor out of royalties otherwise due, but no other deductions or reserves may be taken
by Licensee.
15. Payments.
2. At the time of each such wire-transfer, Licensee shall give a written statement
of account
(i) by traceable mail to Licensor’s postal address give above, and
(ii) by e-mail to Licensor’s email address given above.
16. Audit. Licensor or its designated representative shall have the right to inspect
and audit the books and records of Licensee as they relate to Licensee’s Edition and other
aspects of this Agreement, and Licensee shall immediately pay Licensor any amounts
shown to be owing. In the event that an error resulting in an underpayment to Licensor of
five percent (5%) or more is detected, then Licensee shall bear the costs of the audit.
17. Termination.
Licensor shall have the right to terminate this Agreement by notice in writing prior to the
expiration of the Term in the event that
(i) Licensee is insolvent, ceases to do business, and/or is subject to the protection of the
laws of bankruptcy; and/or (ii) fails to keep Licensee’s Edition continuously in print as
required and authorized under this Agreement; and/or (iii) fails or refuses to cure a breach
of any term or condition of this Agreement (including but not limited to the obligation to
pay royalties) within thirty (30) calendar days after written notice of breach by Licensor to
Licensee.
The representations, warranties, and indemnities set forth below shall survive the
expiration or other termination of this Agreement.
18. Remaindering. Licensee shall not remainder Licensee’s Edition earlier than one
(1) year after the Publication Date. In the event Licensee elects to remainder Licensee’s
Edition, Licensee shall pay Licensor ten percent (10%) of the net amounts received for
disposal of such remaindered copies. If Licensee’s Edition is out of print by reason of
remaindering, this Agreement shall be subject to termination.
19. Time Is Of the Essence. Time is of the essence in the performance of all
obligations under this Agreement.
20. Assurances. Each party represents and warrants to the other party that it
enjoys the right and authority to enter into and perform its obligations under this
Agreement without infringing the rights of any third party or violating any law. Each party
agrees to indemnify, defend and hold the other party harmless against all claims based on
any allegations which, if true, would constitute a breach of the foregoing representations
and warranties, a breach of contract, and/or other wrongful conduct by the indemnifying
party.
21. Copyright Infringement. Licensee, at its own cost and expense, shall take all
necessary measures to detect and prosecute any acts of copyright infringement of the Work
in the Territory. Licensor shall have the right, but not the obligation, to prosecute any such
acts of infringement in the Territory or elsewhere in cooperation with Licensee or on its
own initiative.
22. Reserved Rights. Any and all rights not expressly licensed to Licensee are
hereby reserved to Licensor, including but not limited to any and all copyrights,
trademarks, and other intellectual property rights in the Work as published by Licensor.
Without limiting the foregoing, no rights in the trademarks or other intellectual property of
Licensor are licensed or otherwise conveyed to Licensee under this Agreement.
23. Notices. Except as otherwise provided in this Agreement, any written notice or
delivery under any of the provisions of this Agreement shall be deemed to have been
properly made by mailing via traceable mail to the address(es) set forth above, except as
the address(es) may be changed by notice in writing.
24. Independently Contracting Parties. The parties acknowledge and agree that
this Agreement is an arm’s length transaction between independently contracting
parties for the disposition of intellectual property-, and no employment, partnership, joint
venture, trust, franchise, or other legal relationship is created between them.
25. Assignment.
26. Governing Law. This Agreement shall be effective only when countersigned
by Licensor at its place of business in the United States of America. Accordingly, this
Agreement shall be interpreted, construed and governed in all respects by the laws of the
State of California and the United States of America. Venue for any dispute between shall
be in any court of competent jurisdiction in the county where Licensor maintains a
business office.
27. Modification and Waiver. This Agreement may not be modified or altered
except by a written agreement signed by both parties. No waiver of any term or condition
of this Agreement, or of any breach of this Agreement or any portion thereof, shall be
deemed a waiver of any other term, condition or breach of this Agreement or any portion
thereof.
30. Entire Agreement. The parties acknowledge that they have communicated
with each other by letter, email, telephone and/or in person in negotiating this Agreement.
However, the parties further acknowledge and agree that this Agreement supersedes and
replaces all other communications, understandings and agreements between them and
represents the complete and entire agreement regarding the subject matter of this
Agreement.
31. Headings. Headings and footers are for convenience only and are not to be
deemed part of this Agreement.
33. Additional Documents. The parties agree to sign and deliver additional
consistent documents that may be necessary or convenient to give full force and effect to the
terms and provisions of this Agreement.