Common use of Out of Print Clause in Contracts

Out of Print. Either party may terminate this Agreement, effective 30 days after written notification of termination to the other party, if (a) the Publisher sends written notification to the Author of a decision to put the Work out of print, or (b) the work is available only in electronic or digital versions and/or in a print-on-demand format, and the Author’s royalties and subsidiary rights income from the Work total less than $100 in a single royalty accounting period. The parties’ respective obligations to pay any sums owed to the other under the terms of this Agreement will survive any termination of the Agreement.

Out of Print. Either party may terminate this Agreement, effective 30 days after written notification of termination to the other party, if (a) the Publisher sends written notification to the Author of a decision to put the Work out of print, or (b) the work is available only in electronic or digital versions and/or in a print-on-demand format, and the Author’s royalties and subsidiary rights income from the Work total less than $100 in a single royalty accounting period. The parties’ respective obligations to pay any sums owed to the other under the terms of this Agreement will survive any termination of the Agreement.. SAMPLE