Mailing List AE-List@media-motion.tv ? Message #51625
From: Steve Oakley <steveo@practicali.com>
Subject: Re: [AE] OT Contracts
Date: Thu, 14 Nov 2013 23:50:01 -0600
To: After Effects Mail List <AE-List@media-motion.tv>

On Nov 14, 2013, at 11:32 AM, Rick Gerard <rgeffects@gmail.com> wrote:

> A two day job with a net due in 45 .... RUN unless you are completely broke or this job is going to set you up with a couple of years of guaranteed work and a severe penalty to them if they break the agreement. Can you go to a restaurant, enjoy the meal and then send them a check in 45 days? Chances are more than 99% that this client is going to be a grinder that will turn your 2 day job in to a two week ordeal with changes and re-dos and that they will then complain about your work to everyone they meet. It's not worth it.

> I've been at the film business since 1969. My wife tells me I shouldn't tell people that because they will think I'm an old man. In those 43 years only 10 of them were as a contract employee. I have had thousands of contracts with thousands of clients. Not one with a payment date longer than 15 days was ever paid on time, paid in full, or a pleasure to work on with repeat business. Watch out.

nothing personal but 45 days is decent. I invoice due upon receipt, give them 30 days grace, 10% late fee plus 1.5% interest per month if payment not received within 40 days of invoice ISSUE date. I've collected the late fee quite a few times on late payers.

S
 
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