Authors who are about to finish their book and wants to have it published should first understand what intellectual property means. That way, the author can get the most out of the thing he or she created. Intellectual property right is more than just a copyright. There are many other types of rights that an author can have after writing and publishing a book. Here are common examples of rights an author owns.
#1. First Serial Rights
This is the type of right an author can give away to the first publisher of the book. Of course, this right only provides the publisher the authority to publish first. Once the first publishing is done, the rights to the book returns to you.
#2. Reprint Rights
Reprints may come in demand, especially if you have written a masterpiece. When a publisher comes to you to get permission for a reprint, what you’ll be signing away is the reprint rights. The publisher will get the go signal to reprint your books according to the details of the contract.
#3. Electronic Rights
Your book may be converted into different types of electronic materials to match the digital platform. It can be an ebook, audiobook, or many other types. Regardless of what type of electronic material it is, as long as the content is yours, then you have the right to it. For this, you’ll have to give away the electronic rights to your work.
#4. Exclusive Rights
There are cases when the book you have written is really exceptional in the eyes of the publisher. It may also be that you are already a bestselling author and you have written your 10th novel that is sure to be a blockbuster. The publisher may need the exclusive rights if they don’t want your book to be published anywhere else.
#5. One-Time Rights
In some cases, the publisher will only want to publish your work one time. For that, what the publisher needs is just a one-time right. You can provide this to any publisher without worries.
#6. Merchandising Rights
Every novel has a merchandising right. This right encompasses merchandises such as cups, notebook covers, pens, bookmarks, stuffed toys, and many more. If the merchandise has been derived from your novel’s character or setting, then the company creating that merchandise should get your permission first.
#7. Film, TV, and Play Rights
A novel can be adapted into the silver screen, television, or stage play. Before stage play, television, and silver screen producers can use the novel, they still have to obtain your permission first. Otherwise, it will be an infringement of copyright.
#8. All Rights
All rights encompasses all the rights associated with your intellectual property right. Signing this away to a publisher means that you are letting go of anything related to the manuscript you’ve submitted. As much as possible, you should think twice or thrice before you sign on the dotted line for all rights.