Q – The publisher who
published my book has just been acquired by another publisher, so
what does that mean for me and my book? Does the contract just
automatically transfer to the new company, or do I need to do
something? Would it be possible to negotiate a new contract with the
new publisher—or is that advisable?
A –
Your first response should be to carefully read the contract you have
with the original publisher. Many contracts will address this
situation specifically. If yours does, then that should be your guide
as far as what steps, if any, you need to take. Typically, the
contract will say whether either of you can assign the rights to your
book to someone else. In some cases, a contract will prohibit against
making such an assignment, because they don't want you assigning your
contract to your brother-in-law.
In
other cases, the contract may state that any such assignment would
require the written permission of both parties. If your contract
strictly prohibits either of you assigning the rights to anyone else,
then your contract becomes null and void, and it would require you
negotiating a new contract with the new publisher. Actually, if your
contract requires consent from both you and the old publisher, you
could actually refuse to give that consent and ask for a new contract
instead. I would think that a publisher would let their authors know
what they needed to do, if anything, during this transition, but if
they don't, let the contract be your guide.
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