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Topic: flat/late fees for ghosting contract?
| Author | Message |
| Little Fingers | Posted – 2/25/2008 4:36:20 PM | show profile | email poster Hi there. I'm drafting a collaboration agreement between myself and an author who is hiring me as her writer (WFH=writer for hire) for her next book and I need some advice on two points: 1. I'm asking for 40% of the advance and all other monies (royalties, subrights, etc.) or a flat fee, whichever is greater. What would you recommend the flat fee (basically a minimum for doing this) should be? 2. Based on my experience with my last ghosting project, I'm writing in a clause that says we will have a schedule to be mutually agreed upon, and that I'll allow up to ten biz days deviation either at once or accumulated throughout the course of the project. But I want to institute a per diem "late fee" after that. This, I hope, will drive home to the author that my time is valuable and the deadlines we set together are important. And if the author continually misses deadlines at least I won't get totally screwed. What might you suggest this late fee be? I was thinking $100 per day. Details: the book will be approx. 60K words. This is my second book-length project, though I have been freelancing for years. I am asking for a "with" (as opposed to coauthor) cover credit but am flexible on that. Thanks for any thoughts or experience you can share! |
