Dear Miss Snark:
If the publisher acquires world rights to a novel and takes 25% of any foreign sales, crediting the remaining 75% to the author’s royalty statement, does the author’s domestic agent take an additional 15% off of the top once that royalty statement earns out? Put another way, can the author expect to net roughly 60% of any foreign sales? Thanks for any insight on this.
Yup, you pay us coming AND going. If you retain foreign rights your agent is going to probably use a foreign rights agent to sell the work overseas and you'll pay her, AND me. Those Urdu translations really add up.