Saw this post in another thread and had some questions that I thought might be of more general interest:
I've always wondered why 5% has become the industry standard, because it sounds a bit steep for what I think is a one-time service?
Does the 5% fee also obligate the lawyer to represent the writer if there's some future problem with the contract?
Does the 5% also apply to the writer's residuals, or just to their initial payments?
Are there good entertainment attorneys who charge per hour instead of as a percentage?
Originally posted by Ronaldinho
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Does the 5% fee also obligate the lawyer to represent the writer if there's some future problem with the contract?
Does the 5% also apply to the writer's residuals, or just to their initial payments?
Are there good entertainment attorneys who charge per hour instead of as a percentage?
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