Literary Agreement Template For Professional Services
Description
How to fill out Literary Work License Agreement?
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FAQ
Generally speaking, literary agents take 15% of your total income from the first sale of your book before taxes. For example, if you receive a $10,000 advance on the first sale of the book to a major publisher, your literary agent will take a commission of $1,500.
Agents generally are paid a fee of between 10 and 20 percent of sales that they help negotiate on behalf of the writer they represent.
The agency agreement created between the two parties should include the following:Expectations of the agency agreement.Specific services of the agent.Geographical location of the agreement.Payment amount and terms.The process of dispute resolution.An agreement on governing law.Duration of the partnership agreement.
Make sure the agreement defines specifically what works are covered. An agent may only want to represent one book, or a series of books, or only your new work, or work produced during the term of the agreement, or even all of your work.
Literary agents are invaluable in a traditional publishing scenario. It is much, much harder to get an editor to look at your book proposal or manuscript if you don't have a literary agent. Plus, book agents perform a number of valuable functions besides sales.
