Real World: You hire a gardener to mow your lawn when it needs it. In exchange for that simple task, you offer your gardener 15% of your property for the life of the property, plus seventy years past your death. That means the gardener’s grandkids would be getting money from your grandkids because the gardener mowed your lawn once or twice. Would you do that? Of course not. You would simply pay your gardener by the hour or the project.
Publishing: Every agency agreement, both from agents and inside of publishing contracts, gives an agent on a project 15% of the property (remember, copyright is property) for the life of the copyright which is 70 years past your death. And often the agent gets this for a couple hours work one day and a phone call. Apply common sense. If an agent won’t work for a set fee per property, then hire an IP attorney who is licensed and who can do all the same things an agent would do, only legally. And you only pay one set fee or hourly rate. Duh.
Love this post by Dean Wesley Smith. ALL so true. I had to giggle. It's wonderful. He cuts right through all the BS in publishing.