Good information. Thanks, Michelle!
In the past eight years, I’ve been around the block a few times with publishers. Four different publishers, to be exact. Below are a few of the lessons about publishing contracts that I’ve learned from my own mistakes as well as the advice of my agent. My prayer is that this advice will be helpful to a new writer who is about to sign a super-wonderful contract. Believe!
1. No Linking Royalties
In a multi-book contract, make sure the royalties will be paid separately. Reason being: If you have three books and the third one doesn’t do so well, you don’t want the publisher to subtract from your royalties on the first two, which have earned over and above their advance. Everyone (including you) is taking a risk with every single book, so let each book’s royalties stand alone.
2. Reversion of Rights Policy
Make sure that there is a…
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