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Publishing rights from date of publication--but what if it's not published?

An extract from the contract I received three months ago:

AGREEMENT dated this day of 26 March 2014 in which [X] agrees with [Y], hereinafter referred to as Author, that Author grants [X] the exclusive right for two years from the date of publication to publish the written product, titled "Blood Price," and hereinafter referred to as The Work, as a trade paperback publication.

Author also grants [X] the exclusive right for two years from the date of publication to publish The Work electronically, in or as an eBook.

I sent back a question regarding some specifics, and haven't heard back. This is a pretty long wait even for this publisher (who tends to take a month or two to reply to emails), so I emailed again today asking what happened.

My question is, if I were to agree to the contract, and then the story never got published (which I suspect might be a possibility), what would happen to my rights? If the story never had a "date of publication," would I ever get my rights back? (Even if I don't go with this publisher, it'll be good to know for future reference.)
 

Steerpike

Felis amatus
Moderator
You need to have an explicit reversion of rights, wherein if certain publication targets aren't met, or sales goals aren't met, or whatever other condition you want isn't met, the rights in the work revert to you.
 
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TWErvin2

Auror
You need to have an explicit reversion of rights, wherein is certain publication targets aren't met, or sales goals aren't met, or whatever other condition you want isn't met, the rights in the work revert to you.

What Steerpike said. There should be a clause concerning reversion of rights, usually tied to publication by a certain date.
 
Hi,

That can probably be easily rewritten. The publisher is trying to defend his exclusivity in these clauses, not trying to gain rights to the work in perpetuity. I'd suggest amending it to two years from the date of the contract being agreed on.

Cheers, Greg.
 
Is that language copied verbatim? Because it makes no sense. It is stating that they have the right to publish it for two years. Usually the language is something like they have 2 years from when the contract is signed to get the book in print otherwise the rights revert.

From my reading, you could get into a state of limbo unless the date of publication is listed somewhere else in the contract.
 
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