ABSTRACT
If a project is submitted to a paperback house, it is important to make it clear on what basis this is being done: whether it is an individual submission, a multiple submission to several houses or a full-scale auction. The term of licence granted to a paperback publisher could be for the full term of copyright, with provision for termination if the paperback edition goes out of print or in the case of breach by the licensee. A paperback house with its own American operation might seek world paperback rights. UK paperback publishers may seek a provision to publish an early export edition in the open market territories in order to compete with the US edition. Payment for paperback rights is usually made on the basis of an advance payment against a royalty for each copy sold; the advance payment is commonly paid in instalments.
