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