You are on page 1of 2

STERLING PUBLISHERS PRIVATE LIMITED

A-59, Okhla Industrial Area,


Phase-II, New Delhi 110 020, India
Phone : 91 11 26386165 / 26387070 / 26386209 / 26385677 Fax : 91 11 26383788
E-mail <ghai@nde.vsnl.net.in>

MEMORANDUM OF AGREEMENT
An Agreement made this 11th day of December, , 2004 between Mr. Murli Menon, B/301,
Sukirti Towers, Jodhpurgam, Ahmedabad 380015, Gujarat (hereinafter called the
AUTHOR) of the one part, and Sterling Publishers Pvt. Ltd., A-59, Okhla Industrial Area
Phase II, New Delhi 110020 (hereinafter called the PUBLISHERS) of the second part,
whereby it is mutually agreed between the two parties hereto as follows :
1.

The Author will deliver to the Publishers the complete typescript of the Work entitled (tentatively) ZeNLP
The Power to Relax (hereinafter called the Work),

2.

The Author guarantees that the said Work in no way violates any existing copyright and that it contains
nothing of a libellous, seditious or scandalous nature and that he/she has full powers to make this
Agreement and agrees to indemnify the Publishers and hold them harmless from all actions, claims and
demands that may result from the Work being an infringement of the existing copyright, or that it contains
any libellous or scandalous material.

3.

The author hereby grants to the Publishers the sole and exclusive rights to print publish and sell the Work
during the legal terms of copyright throughout the world.

4.

The Publishers will also have the right to publish, on the terms of this agreement, translations,
abridgements, or adaptations, of the text of the Work, charging fees and/or royalties payable to translators or
adapters against royalties payable to the Author/Editor on the sales of the said translations, abridgements, or
adaptations. Should the Publishers indicate in writing a refusal to publish a translation, abridgement or
adaptation of the Work in any language, the Author will be free to arrange elsewhere for a translation,
abridgement or adaptation in that particular language.

5.

(i) The Publishers will, at their own risk and expense, produce and publish the Work and use their best
efforts to promote the sales through their usual channels of publicity, the production, publication and
sales to be controlled entirely by them.
(ii) The Publishers will not be responsible for any accidental loss or damage to the Work including
illustrations or other material, by fire or otherwise while it is in their custody or in the course of production.
(iii) The Author will supply, free of all costs and charges, in a form suitable for reproduction,
Photographs, Pictures, Diagrams, Drawings, Maps, or other material that might be necessary for illustrating
the Work, excluding the jacket.
(iv) The Author will, if the Publishers so require, supply an index to the Work, and in the event of the
Author failing, within a reasonable time, to supply the index, the Publishers may assign the work to a
person who in their opinion is qualified to undertake the same and deduct the cost from royalties
that fall due under this Agreement.

6.

The Publishers will deliver to the Author free of charge six presentation copies of the Work, when ready,
and the Author will have the right to buy further copies for personal use at 40% percent discount in a lot of
100. The Author will not get any royalty for the books so purchased. The Publishers will be entitled at
their discretion to present copies of every edition of the Work to the editors of periodicals, teachers and
other persons through whom , in their judgement, publicity will be gained; and copies so presented shall not
be taken into account as copies sold.

7.

(i)The Publishers will pay to the Author a royalty of 10% (ten per cent) of the printed price of the book
on all copies sold in India and abroad.

(ii) The Publishers will pay the Author Rs. 15000/- as advance against royalty as follows:
a) Rs. 7500/- on receipt of the complete manuscript and on signing of the agreement
b) Rs. 7500.00 on publication of the book
(iii) In the case of Overseas Sheetdeals the Author will be entitled to 10% (ten per cent) royalty of the
amount received by the Publishers.
(iv) The books are sold on sale & return basis and if in any year the sold books are less than the books
returned, the negative royalty will be debited to the Author account.
(v) The Publishers will have the first option to publish the Work in Paperback, in which case the
Publishers will pay to the Author a royalty of 10 percent of the printed price of the Paper-back edition
on all copies sold in India and abroad.
(vi) Should copies be sold at a reduced price, the royalty payable on copies so sold shall be reduced
proportionately, but if the copies are sold as remainders at cost or less than cost no payment shall be made
to the Author.
8.

The account of royalty will run annually. The royalty account for books sold up to 31st March will be
submitted by 30th July, and the payment will be made within 4 months of the submission of accounts.
The books published after 1st January will be taken into account the following year.

9.

In the event of the Publishers or Author being successful in arranging copyright publication in any other
language or in the event of any sums being received by them, in connection with the mentioned work, the
sum will be divided equally between the Author and the Publishers.

10. The rights and obligations under this Agreement belonging to and binding upon the Author and the
Publishers respectively will be binding upon the successors, assignees or the administrators of the Author
and of the Publishers respectively.
11. The copyright of the Work will revert to the Author if the Publishers fail to publish a new edition within
a year of the previous edition having been sold out.
12. All disputes and claims will only be settled in the Delhi Courts under the Indian Arbitration Act of 1940.
In witness whereof the parties hereto have hereunto set their hands and seals the day and year mentioned above.
Signed by the within-named
Author : Murli Menon
Address:
B / 301, Sukirti Towers
Jodhpurgam
Ahmedabad 380015
Gujarat
Ph: 079-2925767

Signed for the within-named


Sterling Publishers Pvt. Ltd.
by its Managing Director
................................................
in the presence of..................
---------------------------------

You might also like