5 Things To Know When Negotiating a Deal Sheet
Continuing my birthday-month blog series, this week, we'll go over the negotiating a Deal Sheet. Also known as the Offer Letter, the Deal Sheet is the first step in your negotiation of a publishing contract. It is usually a one-page document attached to an email, or embedded into the email, detailing what the publisher is offering to publish the work. It is generally received after a phone conversation between the agent and the acquisitions editor (or the acquisition editor and the author) where the deal points are discussed. Deal sheets are not a contract but they are generally a viable offer that a publisher has put on paper for the agent to take to the author and/or approve/reject on the author’s behalf. It details general points (deal points) that the publisher is willing to offer the author in exchange for the right to publish the work. It’s important to understand and review these points well before agreeing to them as these are generally the first opportunity you have ...