Contract Breakdown | Fees & Expenses

Video 4

Fees & Expenses

How much and how often will you get paid?

The fees and expenses section is generally in the first half of your contract. It describes how much and how often you’ll get paid for your services. It also covers what type of expenses will be covered and any fees.

Make sure you have everything you’ve negotiated with the client somewhere in the contract such as expenses.

Also, make sure you structure your contract in a way to minimize the risk of non-payment, including getting paid upfront, invoicing frequently, and adding kill fees and late fees. Finally, if you’re getting paid in anything other than cash (such as equity), make sure you consult a lawyer.

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DISCLAIMER: This video guide and accompanying transcripts are for informational and educational purposes only, it is not legal advice. It does not create an attorney-client relationship between you and Lawgood or Millo. If you need legal advice, you should hire a lawyer.