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The no-advance plan can work when done in good faith between publisher and writer (with the author getting an immediate and respectable percentage of the list price, no costs withheld).
My objection to Hydra/Alibi's contract is not the shared royalty plan, but the rights grabs and shared costs aspect that IMO turns the writer from partner into prey.
Edited at 2013-03-08 08:00 pm (UTC)
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