November 04, 2010
Do authors owe fiduciary duties to their agents?
That's just one of the questions raised in a lawsuit brought by literary agent Peter Lampack against bedstselling author Martha Grimes. A New York Supreme Court reportedly has thrown out most of the allegations, which arose out of an option executed in 2005 on Grimes's book that eventually became Black Cat.
One of Lampack's allegations apparently was that since the agent negotiated the 2005 option, Grimes had a fiduciary duty not to change agents in such a way that the agent would lose his commission when the option was exercised several years later.
Some commentary on the decision from the Writer Beware blog is here.
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