Termination Fees in Publishing Contracts: Not Just Bad for Authors – by Victoria Strauss…

on Writer Beware:

I’m often contacted by writers who are looking for an evaluation of a book or magazine contract they’ve just been offered (I’m not a lawyer–something I always mention upfront–but I do know a lot about publishing contracts, and am always willing to offer feedback).

Although they’ve often already spotted problematic language, nearly always there are also problem clauses that they’ve missed. One red flag clause that frequently flies below writers’ radar: fees for early contract termination.

A few examples of early termination clauses, taken from contracts I’ve recently seen, arranged in order of escalating expense:

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