What is Timely Payment for Contract Work?
One of our indepdents asked this question: "One of my clients
seem slow, but since my background is in television I'm not sure what is
considered normal in print. The client is a monthly regional business magazine and their payment policy is 60-90 days after publication.. and publication is 45-60 days after the
writing deadline. Does this sound acceptable? In TV, payment is generally 30 days after
invoice."
Answer: It really depends on your contract, but that does seem pretty slow to me and wouldn't be acceptable to my business. Normally, I try to negotiate contracts that pay on acceptance, meaning payment is due within 30 days of the acceptance of my piece. If I can't do that and I really want to write for a particular publication, I negotiate for payment within 30 days of scheduled publication. Meaning, if my work is scheduled for the May issue, I should be paid within 30 days of the publication of that issue. That protects me in the event my piece is bumped. I would try to negotiate better terms with this particular publication.
Members, what do you think?