Consider Your Deadline Merely a Suggestion? Consider This...
According to the Leon Newfakn's New York Observer article yesterday, publishers are more frequently demanding the return of advances on late books. In some cases, it's because the book is really late. (We're talkin' years, folks, in some cases.) In other cases, maybe the publisher's overextended and simply trying to cut its losses on a book they suspect won't be a money-maker. (Boo! Hiss! Let 'em do a P&L - profit and loss statement - up front and take their chances, just as we are.)
To keep in the clear, be prompt whenever possible. If you see you're not going to be able to deliver on time, for heaven's sake, chat with your editor about this. Generally, there's a bit of wiggle room to play with. But two years (surprise!) doesn't cut it.
Any thoughts on this development?