STATUS: TGIF and it’s a half day for me as I head up into the mountains to attend a wedding this weekend.
What’s playing on the iPod right now? MY CHERIE AMOUR by Stevie Wonder
And now we have reached the exciting conclusion of agency agreements. I’m sure you’ve been on the edge of your seats.
That last two clauses officially wrap it up.
There is an arbitration clause—that states if there is an issue we both agree to have it settled by arbitration and last but not least, the entire agreement and assignment clause.
This clause states that this is our entire agreement (hence why it’s at the end). There is also an assignment clause, which both parties would need to get written permission to do–except in the event that my agency merges with another agency and then the assignment simply happens.
Then it’s time for signatures etc. and the final form that all clients have to fill out in lieu of a W9 (which we have to have on file by law).
That’s all folks.
Have a great weekend.
Just curious…how often do you disengage yourself from a client? And does it happen out of the blue, or following a bad revision that shows you the client isn’t “getting it,” or what? Thanks! KYM
Kristin,
You left out the final, final part, which is the new client doing the happy dance.
Thanks for going through all of it with us, Kristin.
Many, many thanks, Kristin, not only for walking through the anatomy of a contract, but describing the bones of it with realism, humor, and thoughtfulness. You are too kind.
thl
Have fun at the wedding.
Question: Do you always have to meet with your client? I’m kind of a hermit, and I’m worried that when I do eventually get an agent, that I’ll have to fly or take a bus, and traveling always makes me sick.
I’m assuming the W9 is a taxation form (please, correct me if I’m wrong)?
If so, what happens when your client isn’t tax resident in the US?
BTW, have really appreciated your concise explanation of the various clauses in the agency agreement. Wish someone could encapsulate the Harlequin boiler-plate contract similarly, LOL!
Hi Kristin,
Thank you for the informative post. Be careful or you’ll manage to debunk the carefully created myth of the cranky agent!
I am a fan of your client PC Cast, and as an author would love to see her initial query to you. Oh! And shouldn’t she be on your Clients Who Blog list? 🙂
Heather
http://vtwriter.livejournal.com/