There will be a termination clause in your contract. Most of the times we give the rights back to you after three years from publication date but some contracts vary. However, we’re very reluctant to take books completely out of print unless the author wants it.
When we license your rights, it is for that particular book. So, if it’s a collection of short stories, and you have one about a banana boat, and suddenly there is a call for stories about banana boats, yes its’s fine to send that story to the call. Chances are anyway you’ll re-edit it so in fact it’s not the same story anyway. Of course bad practice would be to submit the book that we’d carefully edited and designed to Penguin Random before the termination time. We would me a little miffed.
So, when the three years is up (or whatever time is on the contract), what can we do?
Basically, we’ll keep it in print unless you tell us to take it down.
You may have moved on so much, as a writer, that you no longer want the book in print. We can then pull it totally. Your choice!
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