Pay before release
Out of context: Reply #10
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- thebottlerocket0
Launch is a red-herring really. The major issue is that you've not been paid for the first 50%, and perhaps it should have been made an issue before it go so late to launch.
As others have mentioned, their 'payment' from the client is also no concern of yours. Your cash flow is yours and theirs is theirs and and as a business, you shouldn't be putting yourself in a position where you are being forced to manage clients debtors.
The biggest problem is the fact you've used a 50/50 split which is placing you in an awkward position. Ideally, up until launch, you would have staged the project with more intervals so that you would have had around 70-90% of the fees already paid. That way, if they do decide to dispute the invoice or cry poor because 'the client hasn't paid them (as if that is EVER your issue) you're own cash flow isnt hit.
Persoanll, I would avoid talking about lauch now and would be just focusing on where the 50% first stage fee is?
- +1pillhead
- Yes, I was chasing them on 50% all the way throughout, but every time they said they will sort it. Till it came to this stage.MakeBelieve
- Then I we ran out of time, no more 50%, they owe 100% now.MakeBelieve
- Because it was a small project, didn't feel it warranted a staggered payment model, but maybe we should have enforced it.MakeBelieve