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Within the new contract, for any new Work(s) there shall be an administrative charge of 5 hundred dollars ($500.00), made payable to the Agency upon signing. This can be a one-time payment, until the Work(s) do not contract with a publisher and require renewing after one yr. Renewals are two hundred fifty dollars ($250.00) per yr. Upon publication of the Work(s), only the LLA 15% shall apply.
This is named an “interminable agency clause,” and it entitles the agent to represent a book not just for as long as a contract is in force however for the whole length of the e book’s copyright (in the USA and most of Europe, the author’s lifetime plus 70 years). Major authors’ teams warn about such clauses; I’ve written about that right here That is purple-flag language; you do not want to search out it in an writer-agent settlement.
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