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Is the 15% royalty rate typical on a boilerplate author/agent contract typically lattice or gross?

April 26, 2017agent author boilerplate contract Lattice rate Royalty

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Is the 15% royalty rate typical on a boilerplate author/agent contract typically lattice or gross?

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Typically all payment to the author is received by the agent, who then deduct their fee and any accrued expenses (which should be VERY minimal) and passes the rest on to the author.The author is responsible for paying adjectives taxes. 15% is very high for a royalty…