Daniel Steinberg compares Apple’s iBooks Author EULA to the terms and conditions of a traditional publishers contract for authors:
I’ve been told by a publisher that they want a second edition of
one of my books. Their conditions on me are that I drop this
series of ebooks I’m working on because it might compete with the
title. When I said no they responded that that’s ok they’ll just
get someone else to revise my book.
It’s not really mine. Even though the copyright is in my name,
that turns out not to mean very much.
So am I bothered by the iBooks Author EULA? No. But maybe that’s
because I’ve been signing contracts with traditional publishers
for so long.