Here is part two (of 3) of the definitions for the #NoNonsenseGuideToPublishing. Please see the quoted post below for previous posts. - ThreadSky

sarahnfisk.bsky.social • 64 days ago

Here is part two (of 3) of the definitions for the #NoNonsenseGuideToPublishing. Please see the quoted post below for previous posts.

Reposted from Sarah Nicolas

The next THREE sections of the #NoNonsenseGuideToPublishing are all about definitions!

Because book publishing uses a lot of terms that can be confusing to new authors and folks can get lost in the lingo. To add to the confusion, some of them have multiple meanings, depending on the context.

Comments

sarahnfisk.bsky.social•64 days ago

Auction & Pre-empt are two terms that are tied together.

A book often “goes to auction” when more than one publishing house wants to acquire it, resulting in a bidding war where publishers not only compete in terms of advance amounts, but marketing support and contract terms.

sarahnfisk.bsky.social•64 days ago

Note: not all competitive bidding situations are auctions.

A pre-empt occurs when a publisher wants a book so badly that it makes an attractive offer in an attempt to prevent an auction. Pre-empts often have very short deadlines (24-48 hours) and all other submissions must be withdrawn if accepted

sarahnfisk.bsky.social•64 days ago

Publishing deals may be referred to in vague-sounding terms such as “a nice deal." These are classifications Publisher’s Marketplace uses to refer to the size of advance. PM serves as a database for book deal information and you can find these price range definitions on their "report a deal" form

sarahnfisk.bsky.social•64 days ago

An option clause in a book contract basically means that you agree to allow the publisher an exclusive first look at your next book so they can decide if they want to make an offer on it before anyone else can see it.

sarahnfisk.bsky.social•64 days ago

You usually don’t have to accept the offer, but this is where a literary agent can make sure your contract is not predatory. An option clause in a book publishing contract is also sometimes called right of first refusal, though that’s a slightly different meaning.

sarahnfisk.bsky.social•64 days ago

The word option is also used to describe an agreement to purchase film or tv rights, so the two meanings can be confusing.

Options and right of first refusals are also common terms in real estate that have similar meanings, but are used differently.

reyanth.bsky.social•63 days ago

📌

Comments

Posting Rules

Reply