Quote:
Originally Posted by polr
We had one who paid 85% of a completed/live project and when it came to paying the rest told us we had 'made too much profit and were just chasing the VAT element anyway'!!!
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We don't pass licence for our videos over 'till the bill has been paid in full (it's written into out T&Cs). We only really start getting heavy when an account is 60 days overdue: If they don't pay we give them 28 days notice that we'll withdraw the temporary licence they get on delivery. We advise them that if they continue to use the video after that they're in breach of the CDPA and that continued use will constitute acceptance of the material at the default licence fee... Currently this is £35,000 per item per annum! They tend to cough up!
We also pull ALL the discounts and charge full rack rate on late accounts; and there's a specific part in our contract where the client acknowledges that the discounts are only applicable if the invoice is paid within 28 days of receipt...