When does an author get paid? Hypothetical situation: Author who is signed with an agent makes a deal with a publishing house, an advance is on the table of $10,000. Publishing date has been set for January 2007. After the agent gets her 15%, when does the author get her part of that advance? I have been told it's when the book is released. Is that correct.
Only if you have the world's worst agent.
Standard terms are half on signing the contract, half on delivery or acceptance of the manuscript. There are variations, particularly when you're in the rariefied air of seven figure advances but $10k isn't that.
You sign the contract. It goes back to the publisher for countersignature. You get your copy and a check. Probably two months.
Don't count on this money to fund your rent or your kidney transplant. It's absolutely slow and unpredictable.
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