Standard Literary Agent Agreement
Until it is signed, the agent does not seek your best interest. She is looking for her own good. Once you understand what the agent will do for you, you can check the contract to see if the agent`s promises are in it. Let us now turn to the question #2. . . If you receive an offer from an agent, is it rude to tell other agents who wanted to see samples of your work that you have already chosen someone? Or should I give them a chance to make an offer? The Agency will be the registration agent for the duration of the project funding and will irrevocably retain 15% of all relevant revenues for the project sold. The agency commission due also applies to all sales of ancillary rights to the project, whether sold by the agent, author or publisher. In the event that the Agency uses a sub-agent and the sub-agent is entitled to a commission, the agency commission is 10% and the sub-agent`s commission does not exceed 10%.
Some agencies insist that they are entitled to commissions when they have submitted the author`s work to the final publisher, even if they do not negotiate the basic terms of the publishing contract. The author should refuse, under these conditions, to accept the agency to compensate her. Remember that if another agent is mandated a posteriori and actually negotiates the agreement, that agency usually has the right to collect its own commissions. A fair compromise, where the original agent has submitted the work, is to give that agent an additional period (up to six months from the date of termination) in which he or she can essentially negotiate an agreement for that manuscript. . . .