What is a reversion clause?
A clause included in some publishing contracts stating that ownership of some or all works contained within the agreement will revert back to the songwriter after a certain period of time or if certain conditions are met, like successful placement on a major label release.
What does reversion mean in the music industry?
Here are few basic definitions. Grant: the agreement of transferring or licensing your copyrights to an outside entity in exchange for a monetary advance or other consideration. Termination: also known as “reversion”; your right as an author of a creative work to recapture your copyright after a set period of time.
What is reversion in publishing?
A right of reversion is a contractual provision that permits authors to work with their publishers to regain some or all of the rights in their books when certain conditions are met.
What does reversion mean in real estate?
Definition of reversion 1a : the part of a simple estate remaining in the control of its owner after the owner has granted therefrom a lesser particular estate. b : a future interest in property left in the control of a grantor or the grantor’s successor. 2 : the right of succession or future possession or enjoyment.
What is the difference between reversion and remainder?
The key difference between a reversion and a remainder is that a reversion is held by the grantor of the original conveyance, whereas “remainder” is used to refer to an interest that would be a reversion, but is instead transferred to someone other than the grantor.
Under what circumstances would a publisher be most likely to grant reversion rights?
For example, a publisher may revert rights when a book’s accounting or warehouse costs outweigh the book’s earnings. Reversions serve the public interest.
How do I get my rights back from publisher?
How to Request Rights Reversion From Your Publisher
- Look through your contract to find the rights reversion or termination language.
- Begin your reversion request by stating your name, the title(s) of your book(s), your pub date(s), and your contract signing date(s).
What is an example of reversion?
The definition of a reversion is a turn around, reversal or return to a prior condition. An example of a reversion is a couple getting married again after being divorced. A return to a former condition, belief, or interest.
Who may hold a reversionary interest?
A landowner who is concerned about the future use of his land can donate or sell the land on a conditional rather than absolute basis. A reversionary interest is created by a deed that reserves to the grantor a future ownership right upon the occurrence of some condition.
What does reversion mean in property?
In property law, the term ‘reversion’ (returning or reverting something to its previous state) refers to the interest a party to whom a property will revert at the expiry of an agreement has in that property.
What is an estate from period to period?
An estate from period to period (or periodic tenancy) is one which continues for periods of time (typically year-to-year, month-to-month, or week-to-week) as designated by landlord and tenant in their agreement. The most common periodic tenancy is the month-to-month tenancy.
How do you get out of a publishing contract?
Getting Out of Your Book Contract (Maybe)
- First and most obvious, check your contract for a termination clause.
- If there’s no termination clause, try approaching the publisher and simply asking to be released.
- If you’re a member of a writers’ group, they may be able to help.