I was wondering what are the requirements that makes contemporary authors/pieces of work contemporary???

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A "contemporary" work of literature simply means that it has been written in contemporary times--that is, in the very recent past.

I suppose one could debate how recent that past needs to be to be considered contemporary.  If a book was written 5 years ago, is is it contemporary?  What about 10 or 15 years ago?  The answers to these questions is subject to personal opinion.

Another factor might be the topic and style of the book.  If an author in 2010 writes a book that is a copy of the style of Charles Dickens or William Shakespeare, it might not be considered contemporary.  (It also probably wouldn't be a very interesting or valuable book; it's hard to imagine anyone beating Dickens or Shakespeare at their own game.)

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