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An author-publisher agreement is a legally enforceable agreement between two parties - the author and the publisher. The publisher pays royalties to the author in exchange for exclusive publication rights. Royalties are typically a fixed percentage of the book's cover price, usually around 7.5-8% for paperback and hardcover editions. Experienced or bestseller writers may receive higher royalty payments. However, some publishers may mislead authors by providing incomplete or false royalty information.