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An author-publisher agreement is a legally binding contract between an author and a publisher, where the author grants the publisher exclusive rights to publish their work in exchange for royalties. Royalties are typically set as a percentage of the book's cover price, commonly 7.5% to 8% for both paperback and hardcover editions. Experienced and bestselling authors may negotiate higher royalties. It’s important for authors to be aware that some publishers may provide misleading or incomplete information regarding royalties, sometimes delaying payments until after certain conditions are met. This video tutorial provides essential information about royalties in publishing.