Tuesday, May 23, 2006

Negotiating an Advance

Your initial yearly/half yearly accounting statement will make reference to an advance payment but whether you receive one or not will depend on either of two factors.

Whether you have been offered an advance.
Whether you successfully negotiated one.

You may be automatically offered such a payment if your work is of such outstanding merit that the publisher is anxious to have the title on its list and doesn't want to risk the book slipping away to another house. In that event you would normally receive your advance in three phases.

1. 35 per cent on signing the contract
2. 35 percent on delivery of acceptable text
3. 30 per cent on publication

If on the other hand the memorandum of agreement makes no mention of an advance, you could endeavor to obtain one through negotiation. There's no harm in asking - they can only say 'no'.

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