What is a literary agent contract?

Representation. This clause spells out the terms of representation (that your literary agent has the exclusive right to represent your interests to publishing houses and other companies, and to negotiate on your behalf). Term of contract. Most literary agent contracts are in full effect for 12 months.

Where is agent's authority coupled with interest?

Where the agent has himself an interest in the property which forms the subject-matter of the agency, the agency cannot, in the absence of an express contract, be terminated to the prejudice of such interest is known as Agency coupled with interest.

What is the contract of agency with interest?

It is evident that illustration (b) to Section 202 of the Indian Contract Act, 1872, itself explains that the agency in which the agent has an interest is neither terminated by insanity nor death of the principal.

What is meant by agency coupled with interest?

Agency coupled with an interest means an agency in which the agent has a legal interest in the subject matter. Such an agency is not terminated automatically, as are other agencies, by the death of the principal but continue in effect until the agent can realize upon its legal interest.

What is the agency clause in a publishing contract?

An agency clause (such as is often added to publishing and other licensing agreements) may also set out the terms of the relationship between the author and the agent. Such clauses usually: Provide that all sums payable to the author shall be paid to and in the name of the agency.

What is an agency coupled with an interest literary agent?

Agency Coupled with an Interest The literary agent also acts as a collection agent to ensure that his commission will be paid. By agreeing with the principal that the agency is coupled with an interest, the agent can prevent his own rights in a particular literary work from being terminated to his detriment.

What is an agency coupled with interest when it can be revoked?

Where the agency is coupled with an interest, it does not come to an end even in the case of death or insanity or insolvency of the principal. When an agent has incurred personal liability, then the principal cannot revoke the agency, the agency becomes irrevocable.

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6. Talent And Literary Agency Agreement 2018.docx

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TALENT AND LITERARY AGENCY1 Main StreetBigtown, USAGENERAL SERVICES AGREEMENT DATE TO: TALENT AND LITERARYAGENCY 1. I hereby engage you as my sole and exclusive representative and agent throughout.

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