Steve Harrison
Well-Known Member
My agent (trying to sell the first book of a YA SF series) tells me a series has far greater appeal to publishers than a stand alone novel. After several months of no bites, I'm beginning to wonder...
My agent (trying to sell the first book of a YA SF series) tells me a series has far greater appeal to publishers than a stand alone novel. After several months of no bites, I'm beginning to wonder...
My agent (trying to sell the first book of a YA SF series) tells me a series has far greater appeal to publishers than a stand alone novel. After several months of no bites, I'm beginning to wonder...
How does your contract with your agent stand?
By this I mean that do you pay your agent a fixed fee for selling your book or do you pay your agent a percentage for the lifetime of your book series?
How does your contract with your agent stand?
By this I mean that do you pay your agent a fixed fee for selling your book or do you pay your agent a percentage for the lifetime of your book series?
Most agents - for anyone reading this thread - take a standard 15%, 20% foreign rights. Anything else and be very wary of signing up....
Yes, but you miss my point.
My point is not the percentage of your earnings that you are paying to your agent (and I would ask the question - you are paying your agent 15% of your earnings for doing what, exactly?) but the term you are signing to your agent for.
Agency contracts (certainly the ones I've seen) state that the agent will take 15% of your earnings on a book until the copyright on that book expires. The copyright on a book expires somewhere in the region of 70 years after you die. So, you are planning on doing what?? Paying 15% of your earnings on the book to your agent for the rest of your life! Really, you want to do that? Or have you negotiated a fixed fee for your agent on the sale of your book. Normally - not.
@Steve Harrison the royalties from the book are your income as a writer - so, by taking a percentage of the royalties, then your agent is taking a percentage of your income rather than a percentage of the book sales. You're not sure how it all works out? It is in your best interest to know. It is also in your best interests to audit the royalty statements your agent sends you, although a right to audit your agent and/or publisher is probably not written into your contract.
Yes, but you miss my point.
My point is not the percentage of your earnings that you are paying to your agent (and I would ask the question - you are paying your agent 15% of your earnings for doing what, exactly?) but the term you are signing to your agent for.
Agency contracts (certainly the ones I've seen) state that the agent will take 15% of your earnings on a book until the copyright on that book expires. The copyright on a book expires somewhere in the region of 70 years after you die. So, you are planning on doing what?? Paying 15% of your earnings on the book to your agent for the rest of your life! Really, you want to do that? Or have you negotiated a fixed fee for your agent on the sale of your book. Normally - not.
@Steve Harrison the royalties from the book are your income as a writer - so, by taking a percentage of the royalties, then your agent is taking a percentage of your income rather than a percentage of the book sales. You're not sure how it all works out? It is in your best interest to know. It is also in your best interests to audit the royalty statements your agent sends you, although a right to audit your agent and/or publisher is probably not written into your contract.
Most agents will get you a better deal than you would alone - and then take 15% of it. Of course, if you don't want to lose 15% of your earnings, you don't have to use an agent.
An agent represents you for a book (and may choose to represent future books) and, yes, they will continue to take that 15%* (although since few debut books earn out their advance it might be a moot point). And they will take it on anything you have contracted with them for.
As to the right to audit accounts - this is in every publishing contract I have signed so I assume is standard. It's certainly a clause I check for before signing. The cost of the audit will fall on me, however, should there be no wrongdoing.
As you say, it is important to know what you are getting into. And whether or not an author chooses to lose that 15% is entirely up to them - but it is unlikely an unagented author will get the same level on a book than an agent will**
*although, as with anything, there are exceptions. When I parted company with my agent they agreed to revert the contract and return the 15% to me.
** assuming they sell it in the first place, of course. But that's a whole other thread.