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08/12/2008 09:35:08 PM · #1 |
Hello. I have a quick question about a stock sale. I made two sales at the end of last year to a well known textbook company. My original invoice granted rights for 1 year. I just received an email from them asking me to sign a letter for each asking me to sign in agreement to the terms. Everything is pretty much as I originally agreed to expect the term. They are now asking for 10-years from date of sale...I'm guessing to cover any revisions. My friend told me that this is there way of getting more out of the image without having to pay.
So my question... Do I agree to the 10 years or stick to the 1 year agreement? My friend suggested asking for 75% of previous price for each additional use. i.e. $500 1st use, $375 2nd use, $281.25 3rd use, and so on.
Any advice?
Message edited by author 2008-08-12 21:36:09.
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08/13/2008 09:43:12 PM · #2 |
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08/13/2008 09:48:56 PM · #3 |
Hey Jen - I don't really know what kind of price you should ask for, but the 75% model you mentioned sounds pretty fair. Whatever happens, make sure you don't just give away your work (or settle for too little) - textbooks are big money and there's no reason they shouldn't pay you for your photos, no matter if it's an original edition or a revision.
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08/14/2008 08:43:57 PM · #4 |
Thank you Brent! =) I was already paid for the original purchase so was a bit surprised by this 'extension'.
(btw, I think I owe you an email! Been busy here. Heading to WY Tetons and Yellowstone next month. Will try to write soon.)
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08/14/2008 09:31:47 PM · #5 |
I definetly would not extend for no money. That's kind of like someone renting your house for a year, and then asking if you mind if they stay for 10, for the price paid. The 75% deal sounds very fair. It's not like they are going to lower the price of the book by 25% each year.
Right now, you hold most of the cards. If you do not agree, they have to pull your photo and find another. More work than they probably want to do at this point.
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