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October 2011

Reporter: Lyn Cote

Lyn CoteIn 2006 Lyn Cote’s book, Chloe, was a finalist for the RITA, and her Her Healing Ways is a finalist for the Carol Award in 2011. Lyn features stories of strong women both from real life and true-to-life fiction one her blog.

Editor: Tiffany Colter

Tiffany ColterTiffany Colter is owner of Writing Career Coach. Her publishing credits include Charisma, On Mission, and Today’s Christian, in addition to being a columnist for Suspense and a feature writer for Afictionado. She speaks regularly to groups and conferences teaching authors how to make a living at ‘this writing thing’ and businesses how to reach their target market through written communication. Tiffany lives outside Toledo, Ohio, with her husband and four daughters on their hobby farm.

Workshop 30: Deciphering A Publishing Contract

Steve LaubeThis was a fast-paced, fact-packed workshop by three industry professionals. Steve Laube, with the Steve Laube Agency,covered land mines which may give agents heart attacks, such as an author quoting a copyrighted song in a book. Never assume anything you quote is free! Always check first.

Next, Laube, Rick Acker, and Cara Putman, covered the main items in a contract, such as:
Cara Putman

  • The Option Clause: Which gives the publisher the right of first refusal to your next work and how to limit this right to the author’s advantage.
  • Basket Accounting: Where all books in a contract must earn-out the author’s advance on royalties before any more royalties can be paid.
  • Author’s right to audit the publisher’s sales and royalty statements (costly).
  • Author copies:The negotiation over the number of author copies provided (as many as possible).
  • Terms of reversion (make sure this is clearly delineated) were also discussed.

Rick AckerEven though I’ve signed book contracts, this workshop provided a good review for me. Well done.

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