8 June 2015
In its launch statement, the guild said that while "times have changed in the world of publishing...the "standard" book contract has not kept up".
"It's filled with terms, conditions, and language that would be recognisable to authors of a century ago, remnant of a bygone era when e-books, print-on-demand, deep pricing discounts and online booksellers weren't even a gleam in the eye," said the guild. "At the same time, new overreaching clauses have been added to insulate the publishers from any potential loss, placing all risk on the author."
