Briefly Noted | Your Agent Should Not Be Your Publisher « Redhammer
Once you become your client’s publisher, you then become a principal in the transaction. This means you can no longer function as the client’s agent.
Agency law makes it clear that an agent must not engage in self-dealing, or otherwise unduly enrich himself from the agency. Nor must an agent usurp an opportunity from the principal by taking it for himself.
I really doubt whether any agent can legitimately claim that it is in the author’s best interests to be published by their literary agent. It’s like the ref in a game of footie being paid by one of the teams playing. It raises huge issues – and it just doesn’t feel right – does it?