Contracts 2.0

Why do people want literary agents?

Because a good one makes life so much easier. I’m currently negotiating my 2nd and 3rd book contracts, and I’m going in alone for the most part. I have a lawyer who works almost exclusively with this sort of copyright law, but he’s not doing the negotiating for me. That means I’m currently having a fun ping-pong like chat with my publisher.

While a compromise is inevitable, I’m less focused on overall improvement to wording or percentages. This time around, I’m concerned with augmenting one particular area. Once things are settled – I’ll give you a general download of what and why, but for now, I’ll give you a brief idea of my current predicament.

I like my publisher. She’s cheery, outgoing, intelligent, and everything that comes with small press charm. However, she’s business savvy, so I can’t let our friendliness take front stage in my mind because she definitely won’t. While some might be good at separating the two, I’m pretty terrible at it though I’m working to improve. Any decent literary agent would be able to go into a negotiation with a publisher, despite maybe even being excellent friends with said publisher, and treat it as the business venture it was.

Or, at least, my lovely ideal dream of an agent could. That thought it what keeps me querying despite my new success in contracts. I’ve found my niche, but that doesn’t mean get comfortable. I’m in the beginning of my career, and everything I do now will have consequences (good and bad) down the line.

So, if this is my weakest point, what do I do?

I knew even before the 2nd contract appeared in my inbox what I would want out of it. This book will be the sequel to my debut, and I needed to do what it took to augment the success there. My publisher, Clean Reads, read through the proposal and had a contract to me faster than their optioned suggested or even their regular number of weeks to read a full manuscript, so I haven’t even seen my first quarter’s earnings.

Don’t do that! I should have waited to submit until I had that information in had. It would be so useful right now, but I didn’t because I estimated it would take a week longer than it did. Lesson learned. If at all possible, make sure you have some data in hand for a sequel negotiation. I ought to have known better, but getting back to grad school, I let things get away from me. We’ll see how badly that will cost me when I do an overview once everything is signed.

My 3rd contract is for a completely different series. For those who follow me on Twitter, you know I don’t write romances. I did, however, write a piece of really strange, quasi-romance speculative fiction which I had joked about with a few other Clean Reads authors. My publisher noted my postings and expressed interest. I submitted the manuscript believing there was no way she’d want to publish it. The length was weird (stuck between novella and novel), and I was certain the play on Narcissus and Greek mythology would be a bit too strange, but the contract tells me I was wrong.

Not a bad thing to be wrong about, so my goal for the 3rd contract is just to put it on par with my 1st. That should be fine, so I should just be concerned with the 2nd really. However, through this whole process – despite having gone through it before and done well for myself – I keep wishing I had managed to sign with an agent first. Maybe I’ll change my mind when negotiations are over. Maybe I’ll sign with an agent and then massively regret it and change my mind then. Who knows. Both with or without, negotiations are difficult and a hard-won contract isn’t over until it’s signed.

Good Luck.

 

 

Advertisements

2 thoughts on “Contracts 2.0

  1. Hello,

    Found you through a search of publishing articles. With your permission, I would like to become a follower.

    I’m nobody in the business or writing world but I find it interesting that the publisher didn’t wait to send you a contract, rather they seem to have sent it almost immediately. That may indicate that your book is selling better than expected and they are trying to get you signed slightly below market value. If true, that is a positive indicator. You might think about adding some type of cap to the second contract. Something like if you sale xxx number of books then you get a larger percentage of all sales above that number.

    Congratulations, you are winning!

    rob

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s