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Literary Agent Agreements Packet Includes:1. General Information 2. Instructions and Checklist 3. Literary Agent AgreementGeneral Information Literary Agent Agreements Literary Agent Agreement is.
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Completeness FAQ
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Red flags are usually in these areas: term, books represented, termination, renewal, commission, expenses, and payments. Language including every book you've written and/or every book you'll write during the contract term: Author representatives usually pitch one book (or series) at a time.
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Literary agents charge commission. That is, for every $1000 they get you in advances or royalties or overseas sales or film rights, they will take their cut.
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They negotiate your contract terms when signing with a publisher. They continue to push for subsidiary rights. They are taking a well-earned cut for all this work, so don't lose sight of why you need a literary agent in the first place, and treat all literary agent contract negotiation with due care and respect.
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Generally speaking, a literary agent will take around a 15% commission on your published work, which includes everything from audiobooks to film rights. This percentage is usually higher for things like translations and foreign rights sales.
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Red flags are usually in these areas: term, books represented, termination, renewal, commission, expenses, and payments. Language including every book you've written and/or every book you'll write during the contract term: Author representatives usually pitch one book (or series) at a time.
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Christopher Little, who ran the agency, also managed Harry Potter author J. K. Rowling from 1995 until 2011 and has been credited with single-handedly managing Rowling's career and turning the Harry Potter franchise into a multi-million pound industry.
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Literary Agent Salary Annual SalaryMonthly PayTop Earners$100,000$8,33375th Percentile$71,500$5,958Average$51,355$4,27925th Percentile$32,000$2,666
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While there are a few exceptions, the most common commission for a literary agent is 15%. If an agent places a book with a publisher and negotiates a $25,000 advance, that agent will take out their 15% (or $3,750) and send the rest (or $21,250) to their client.
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