This is going around the artist community I brush elbows with. It's VERY interesting.
The language in the new Manga Pilot Agreement is atrocious! No one in their right mind would even consider signing this POS. They pay you $20/page (which I can tell you isn't a good price), they might not have room to provide you proper credit, and you waive your rights to litigation over disputes... etc... etc.
A couple places have really ripped into this contract and the language therein. If you're interested... or have friends considering filling out the contract, I recommend they read these first:
The Beat- Publisher's Weekly
Lea Hernandez Shares Some Thoughts on the Latest Tokyopop Contract.