SCBWI member and entertainment lawyer Bonnie Berry LaMon, shared her expertise with Hollywood Schmooze attendees on March 20th.
Her topic: Key Contract Phrases and Their Meanings.
“First time
authors are generally so happy to get a contract that they sign first and deal
with the details later,” LaMon said. A graduate of Princeton
University and Harvard Law School, LaMon also has an MFA in Creative Writing for
Children and Young Adults from Vermont College of Fine Arts. Like many
schmoozers, she is an aspiring author. But she has practiced entertainment law for over twenty years.
LaMon distributed
a handout of important contract terms which she discussed in detail. Some of the examples were:
“Be aware of terms
such as ‘Standard”, LaMon stated. “It is often designed to convince the reader
that the terms contained are typical to all contracts. It doesn’t mean that some of those terms
cannot be modified, negotiated or even deleted.”
Grant of Rights: “This is the list of
rights that author conveys to the publisher,” she said. “The rights may be exclusive, non-exclusive, perpetual or for a designated period of time.”
Term: “Pay attention to phrases such as
in perpetuity, any and all media, and life of copyright,” she suggested. “Life
of copyright means your life plus seventy years. Any and all media may include new media that
hasn’t been created yet. You can’t always anticipate how your creative project
will end up. Most emerging authors don’t envision their book as a Wii game or
an IPad app.”
Territory: LaMon noted that typical
contracts limit the territory to the United States and Canada but “some publishers want worldwide rights, meaning that the writer cannot make separate deals to see
the book anywhere else in the world.”
Format: LaMon noted that “the definition of book has changed because of
technological and distribution methods. A grant of primary book publishing
rights is generally defined as hardcover, trade paperback, mass market and
direct mail. Traditionally, electronic
books and audio books were considered subsidiary rights but now many publishers
include them in the primary rights definition.
Subsidiary Rights (aka secondary rights): LaMon explained that these are rights the
publisher may want from the author in addition to the primary rights described
above. These rights include: Book Clubs, Stage, Motion Picture, Television,
Merchandising, Foreign Translation, Periodical Rights and other commercial
platforms. Usually the publisher
licenses them to a third party and splits the revenue in pre-negotiated
percentages with the author. LaMon spoke
at length about why some of these rights should not automatically be given to
the publisher, and if they are, why the splits should favor the author, and
what kind of approval rights and other controls the author should request.
“The
agent’s job is to get a good deal,” she said. “My job is to look for the
pitfalls in the contract, and to do my best to eliminate them.”
~~ Post writen by Jean Perry
_____________________________________________________________________
Hope this gives you a taste of the outstanding learning that goes on at the Hollywood Schmooze.
We meet the third Thursday of every month near Hollywood and we welcome new members.
See you at the Schmooze,
Deborah Fletcher Blum and Jean Perry
Excellent! Thank you so much for sharing this taste of Bonnie's talk! I wish I could have been there to hear the details!
ReplyDeleteCheers!
Rita
This was very helpful. It is in my file.
ReplyDelete