Firstly, thanks for your reply.
I ask because I have a full MS being read by an agent in UK and if he reps me he may not necessarily have contacts in Australia. We could go 6 months with him submitting to UK publishers and not getting an offer. During that time I could submit to Australian publishers on my own.
Well, you can discuss with any prospective agent, before signing with him or her, what their strategy will be, and how to handle the dual market. But speed isn't everything. I know it may feel like "waiting" is frustrating, but you'll need to get used to waiting if you want to be trade published.
And the thing is, you and your agent will agree on a strategy before you sign, but it seems highly unlikely the best strategy will be for you to be potentially undermining his efforts by being out there shopping it yourself. So...you should be sure to discuss these concerns with any offering agent before signing with him or her.
So, generally, the agent doesn't "own" the book once you sign with him? It's only if he actually negotiates a contract with a publisher. That's what I was worried about.
First of all, no reputable agent will ever "own" your book. BUT, every decent agency contract will spell out what your agent is entitled to and for what. Many will give the agent the exclusive right to shop your work -- so if you want to shop anything, you need to get your agent's agreement that you can do so. And then you'll need to be clear about what the agent gets from that work, if anything.
But here's the thing, if I'm your agent, why am I going to spend 5 seconds working to try to sell your work if you are out there competing with me? I mean, if I know that you are trying to sell it, too, and if you do I get nothing, then why would I sign you? That is a bad deal for me, since I don't get anything unless I sell it. So...I'd decline to represent you if you wanted to retain the right to shop it yourself, too. A much more likely scenario would be my agreeing that if I don't find a publisher, then, after we have exhausted my contacts, you can shop it yourself and I don't get anything unless I negotiate the contract.
And, for that matter, the agent might say, great, I like input from my clients! Where in Australia would you like it shopped, and then shop it there, too.
So, I guess what it comes down to, if before signing with any agent, you need to discuss how the agent intends to deal with the dual markets and whether he or she will be shopping it to Australian publishers and, if not, can you.
As it turns out, even if I did find my own publisher I'd probably rely on my agent anyway to make sure I got the best deal.
And then, again, the agent would then get his or her commission. BUT, there are a lot of reasons it might not be a good idea for you to be shopping it in one market and the agent in the other. So, you'll need to discuss these scenarios with any prospective agents before signing with them.
~suki