I know Im not an expert in this but i thought it would be helpful for new/up-and-coming designers to find out about spec work and how it can affect their business and the design industry. Here is a link to a helpfull website: http://www.davidairey.com/spec-work-in-graphic-design/ and this is a link to NO!SPEC website http://www.no-spec.com/ If there is something I've missed, tell me and ill add it on Cheers