THIS AGREEMENT made on DATE ,
NAME_1, residing at ADDRESS_1
(hereinafter "AUTHOR 1"),
NAME_2, residing at ADDRESS_2
(hereinafter "AUTHOR 2"),
whereby the parties to this agreement are also collectively referred to as "AUTHORS," with respect to the production of a textbook tentatively entitled "A Brief Introduction to Elementary Statistics" hereinafter the "WORK").
In consideration of the mutual promises contained herein, and for other good and valuable consideration, receipt of which is hereby acknowledged, the parties agree as follows:
1. The copyright in the WORK shall be jointly registered and held in the names of both AUTHORS.
2. Credits in the WORK shall read: "Authored by AUTHOR 1 and AUTHOR 2," unless specified otherwise in advance by both parties, the names shall be written on all credits by last name in alphabetical order.
3. Royalties from the publication of the WORK and from the disposition of any subsidiary rights therein (including but not limited to films, television and merchandising) shall be divided as follows: AUTHOR 1: 50%; AUTHOR 2: 50%; unless specified otherwise in advance by mutual agreement between the parties. Rates paid by publishers upon delivery of the WORK shall be excluded from this provision and shall be negotiated separately by the AUTHORS on their own behalf and paid directly to the applicable party.
4. All original art or scripts created by AUTHOR 1 for the WORK, and the proceeds from the sale of such original art or scripts, shall remain the sole property of AUTHOR 1. All original art or scripts created by AUTHOR 2 for the WORK, and the proceeds from the sale of such original art or scripts, shall remain the sole property of AUTHOR 2.
5. No agreement for the publication of the WORK or for the disposition of any of the subsidiary rights therein shall be valid without the signature of both AUTHORS. However, either party may grant a written power of attorney to the other setting forth the specific conditions under which the power may be exercised.
6. All agreements for publication and disposition of any subsidiary rights in the WORK shall provide that each party's share shall be paid directly to him. If the parties by mutual agreement select an agent to handle the disposition of subsidiary rights in the WORK, and if the agent is authorized to make collection for the parties' account, such agent shall remit each party's one-half share direct to him. Such agent's commission will be split according to the same percentages as specified in paragraph 3 above. If the parties by mutual agreement select an attorney to handle the disposition of subsidiary rights in the WORK, such attorney's fees will be split according to the same percentages as specified in paragraph 3 above.
7. If, in any instance, either party (hereinafter "FIRST PARTY") desires to produce a sequel or derivative piece to the WORK (hereinafter the "SEQUEL"), and the other party (hereinafter "SECOND PARTY") is either unwilling or unable to do so, FIRST PARTY shall be free to hire another writer or artist as the case may be (hereinafter "THIRD PARTY") to work on such SEQUEL, under the following terms and conditions:
(i) Unless mutually agreed in advance by the AUTHORS, THIRD PARTY shall not own any copyright, trademark or other rights in and to the WORK and/or any SEQUEL. All rights in and to the SEQUELS shall remain the sole property of the AUTHORS. Any contribution of THIRD PARTY to a SEQUEL shall be done as a work-made-for-hire to the fullest extent permitted by law, and to the extent that such contribution is not considered a work-made-for-hire authored by the AUTHORS in any jurisdiction, THIRD PARTY shall assign any and all rights he may have in the SEQUEL to the AUTHORS.
(ii) Credits in such SEQUEL shall read: "Written by/Drawn by [names of appropriate parties]; Based on characters created by AUTHOR 1 and AUTHOR 2."
(iii) Royalties from the publication of such SEQUEL shall be divided as follows: FIRST PARTY: 50%; SECOND PARTY: 10%; THIRD PARTY: 40%. Page Rates paid by publishers shall be excluded from the scope of this paragraph and shall be negotiated separately by and paid directly to FIRST PARTY and THIRD PARTY.
(iv) Any original art created by THIRD PARTY for such SEQUEL, and proceeds from the sale of such original art, shall remain the sole property of THIRD PARTY.
8. If either party dies, the surviving party shall have the sole right to negotiate and contract for publication and for the disposition of any of the subsidiary rights of the WORK, to create SEQUELS, and generally to act with regard thereto as if he were the sole author, subject only to the following conditions:
(i) the name of the decedent shall always appear on the WORK and the SEQUELS as co-creator.
(ii) the surviving party shall cause the decedent's share of the proceeds, as determined pursuant to paragraph 7(iii) above, to be paid to his estate.
(iii) the surviving party shall furnish the estate true copies of all contracts made by the surviving party pertaining to the WORK and the SEQUELS.
9. Each party agrees not to violate copyright or any other law in the creation of the WORK. If it shall be found or claimed that the WORK violates an existing copyright, throughout the world, the party which created that portion of the WORK shall indemnify and hold harmless the other party.
10. This agreement shall continue in perpetuity. This agreement shall inure to the benefit of, and shall be binding upon, the heirs, executors, administrators, successors and assigns of the parties. This agreement shall be construed and enforced in accordance with the laws of the State of Washington. This the full agreement between the parties regarding the WORK, any amendments must be signed by each party.
Should either party retain counsel for the purpose of enforcing its rights under this agreement against the other party, then the prevailing party in any action commenced with regard to such dispute shall be entitled to receive from the other party payment or reimbursement of all costs and attorneys' fees reasonably incurred with respect thereto.
IN WITNESS WHEREOF, the parties hereto have signed this agreement as of the day and year first hereinabove written.