@Teri_Kanefield@mastodon.social
Post #4143796
2026-07-27 17:30 UTC
. . . The literary agent model has never been challenged in court, but I find it hard to believe that what the agent does (negotiate a contract, represent a third party, and explain contract terms to a third party) would not be considered illegal.
Finally, one more.
Publishers generally send the entire royalty check to the agent. The agent deposits the money, and then sends the author's share to the author.
Lawyers do the same but the industry is highly regulated.
8/
Replies (1)
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@Teri_Kanefield@mastodon.social 2026-07-27 17:31
Lawyers are expected to follow strict rules when handling client funds, but every month large numbers of lawyers are disbarred for mingling funds or mishandling funds. If you think that a person who calls himself or herself a literary agent is less likely to mishandle funds than a person who has studied for (and passed exams) on how to handle client finds, well, I have a bridge to sell you. 9/