You often hear of authors selling their book rights...but, today's post is about a best-selling author buying back his book rights!

 Best-selling author, Steve Farber, is paying a handsome figure to buy back the rights to two of his leadership books from Kaplan Publishers so he can publish with No Limit Publishing Group; publishers more savvy in all the new tech publishing platforms. 

No Limit is also offering Mr. Farber a 50/50 split on net royalties for both digital and print formats AND worldwide distribution rights for No Limit Publishing for a minimum of three years with renewals.

More details provided in this press release from PRWeb:

Monumental Shift for Book Publishing Industry as Best-Selling Author Steve Farber Signs Deal Repurchasing Rights to his Top 100 Business Book

The No Limit Publishing Group and best-selling author Steve Farber announced today a signed unprecedented deal following Farber's high five-figure repurchase of all rights to his best-selling leadership books Radical Leap and Radical Edge from Kaplan Publishing.

San Diego, CA (PRWEB) December 29, 2010

No Limit Publishing Group and best-selling author Steve Farber announced today a signed unprecedented deal following Farber's high five-figure repurchase of all rights to his best-selling leadership books Radical Leap and Radical Edge from Kaplan Publishing.

"We are extremely excited to sign such a prolific author to our thought Leader imprint and show the publishing industry that authors and publishers can truly partner in this world and that there is a third option that solves the economical injustice of traditional deals, while simultaneously solving the myriad of quality, marketing and distribution issues with authors who choose to self-publish," said Chris J. Snook, Editor-In-Chief of No Limit Publishing, following the deal signing on December 23 in San Diego, Calif.

"The Farber Deal" will consist of a co-investment by each party, a lucrative author-buyback provision, 50/50 split on net royalties for both digital and print formats and worldwide distribution rights for No Limit Publishing for a minimum of three years with renewals.

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