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cptbbear
03-11-2006, 07:06 PM
I received a contract from an agent who has offered a one year contract with options, 10% for their work, but they want an exclusive contract. Is this the norm? In other words is this a positive sign. Would appreciate some feed back asap as they would like to go forward a soon as possible. And by the way they didin't ask for any up front money. It was all based on my submission.

Thanks in advance
Cpt B Bear

Jamesaritchie
03-11-2006, 08:33 PM
I received a contract from an agent who has offered a one year contract with options, 10% for their work, but they want an exclusive contract. Is this the norm? In other words is this a positive sign. Would appreciate some feed back asap as they would like to go forward a soon as possible. And by the way they didin't ask for any up front money. It was all based on my submission.

Thanks in advance
Cpt B Bear

It sounds perfectly normal, though there should be an escape clause in case you start hating each other. . .say a two month warning by either party.

The ten percent is rare these days. Nearly all agents want fifteen.

But asking for an exclusive contract is normal. Check teh agent out and see if there are any complaints, try to learn who else this agent represents, what novels this agent has sold, etc.

cptbbear
03-11-2006, 10:13 PM
Thanks for the advice, there is an escape clause and so far my research on them looks very good. I contacted one of their clients and they are very happy with them so we shall see. Hopefully this works out. Keeping my fingers crossed after all the time spent not only on writing but on trying to find a real and honest agent. Will keep you posted!

Cpt B Bear

victoriastrauss
03-13-2006, 08:27 PM
Yes, an exclusive contract is normal. However, caution is in order for an agent who charges a 10% commission on book manuscripts. I can think of maybe one reputable agency that still charges 10% across the board; for the rest, it's 15%. Much of the time, a 10% commission is a marginal or scam agent's way of justifying upfront fees by offering a "bargain" commission rate, or else an indication of an amateur agent's lack of knowledge of the industry.

If you like, PM me or contact me at beware@sfwa.org with this agent's name, and I'll see if Writer Beware has any information for you.

- Victoria