I.-The publishing contract is terminated at the author’s or publisher’s initiative if, for two consecutive years beyond a period of four years after the publication of the work, the statements of accounts do not show any rights paid, or credited in compensation for a deposit, in respect of any of the following operations:
1° Single sale of the book in its entirety in printed form, with the exception of sales resulting from distribution systems reserved for subscribers or members;
2° Single sale or paid access to the book in its entirety in digital form;
3° Paid digital consultation of the book available in its entirety, for publishing sectors relying essentially on this model of provision;
4° Complete translations of the book in printed or digital form.
The other party is notified of the termination by registered letter with acknowledgement of receipt within twelve months of the deadline for the publisher to send the statement of accounts or for it to be made available to the author by an electronic communication process.
The notice period applicable to termination is three months. On expiry of the notice period, the contract is automatically terminated.
II.-The provisions of I do not apply to certain conditions for the exploitation of a book specified by the binding agreement referred to in article L. 132-17-8.