Hooray Hemingwaywantabes- you have discovered a literary agent who wants to represent your book. Count the blessings for this is a key step to taking your book idea to publication as outlined in How to Become a Published Author: A to Z as noted in the above chapter listings. (Remember – you may print or download the book free of charge.)
So, what does an author/agency legal agreement look like? Here is a sample agreement for your information. There may be differences with the one offered you, but this gives you the basics.
Sample Agent Agreement With Legal Tips
(Tips—If you are offered a literary agent agreement, hire a competent entertainment lawyer. He or she can best represent your interests. Regardless, familiarizing yourself with the basic outline of an agent agreement can be helpful.)
Representation Agreement
This letter of agreement will confirm the arrangement between us by which you have appointed Scarborough Literary Agency as your exclusive agent in the sale, lease, license, and/or other disposition of literary and related rights to any and all works penned by you during the term of this agreement.
(Standard language detailing the representation during a defined period.)
You understand such appointment to cover the active marketing throughout the world of all your literary rights, including but not limited to, publishing, motion pictures, electronic, stage, radio, television, recording rights, and generally to advise you professionally.
(Details specifics of representation. Tip—Keep language as specific as possible to avoid confusion. The clause, “Generally to advise you professionally”—should be left out if possible.)
Scarborough Literary Agency will actively market and represent your best interests to the best of its ability utilizing its contacts throughout the entertainment industry. The agency will not enter into an agreement on your behalf without your written consent.
(Provides language requiring agency to act in your best interest, but restricts their ability to enter into agreements without your having final approval. Tip—This latter language is essential to protecting you
against acts by agent that are adverse to your interests.)
You agree that Scarborough Agency will collect for you revenues due from the marketing of any and all works covered by this agreement. Said revenues will be forwarded to you within fifteen days of receipt by the agency.
(This language authorizes your agent to act as your depository for monies earned. Tip—Learn when the reporting periods are for your publishers and be certain to check as to whether revenues are due.)
In consideration of Scarborough Agency’s representation, it will retain a fifteen percent commission of all revenues collected in the United States of America and twenty percent of all revenues collected from foreign sources.
(Standard fees for literary representation. Tip—Attempt to include the word “gross” as in gross revenues so there is no doubt of the amount
being commissioned. Tip—When dealing with theatrical agencies, the commission will be ten percent.)
When marketing your literary work, Scarborough Agency will incur certain out-of-pocket expenses including photocopying, postage, messengers, and overnight courier services. You agree to reimburse the agency for said expenses within ten days of billing. Any other expenses must be approved by you in advance. Scarborough Agency agrees to keep all expenses to a minimum.
(Specifies your responsibility to pay for out-of-pocket expenses. Tip—Insert “under one hundred dollars” after the word “expenses” in line four. This protects you against excessive overruns.)
This agreement is effective as of the date both parties have signed below. It will continue to be valid for a period of one year unless cancelled by either party with sixty days written notice.
(Details term of agreement. Tip—Stay away from any agreement longer than one year. Also—watch for language that continues agreement indefinitely subject to one party or the other canceling.)
Regardless of the cancellation by either party to this agreement, Scarborough Agency will continue its representation and collection of revenues for all works initiated or completed during the term of representation.
(Standard language protecting agency after cancellation of agreement. Tip—If possible, limit collection of revenue to five years.)
This agreement is binding under the laws of the State of ______. All parties agree that in the event of dispute, the matter shall be subject to arbitration under the auspices of the American Arbitration Association.
(Specifies mechanism for legal matters. Tip—Attempt to designate your state as venue.)
Agreed to by all parties designated below this ___ day of ____, ____.
____________
Maude Bonderbast, President Scarborough Literary Agency
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Author