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It is ok to say
no to a contract . . . remember it is your work.
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Think ahead.
If you might turn this short story into a book or this
book into a screenplay, do not sign your rights away
without those things being accounted for.
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Do not be afraid
to negotiate. You may want it all, and they may want
it all, but somewhere in the middle there is room to
compromise and both editor and writer can be happy.
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Sometimes you
need to consider if your thoughts and ideals are worth
more than monetary gain. Sometimes an idea cannot be
compromised over a price tag.
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It is good to
know what the standards are in the industry. This insures
you don’t get taken by an editor who knows you are new
to the business.
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Remember to check out
websites that monitor agents and publishers.
www.anotherealm.com/prededitors is a great resource
for this. They are pretty current and thorough. In
most cases editors and publishers are honest and
forthcoming, but it is prudent to check up on it to
make certain especially when you're dealing with a
relatively new or unheard of press.