If Client or employer ("producer") has not disclosed payment terms, payout will default to maximum NET7 term.
If deal memo or a form of contract is signed by both parties, payout will proceed to agreed payment terms.
All and any late NET payments WILL incur a 15% late fee in addition to the principal invoice amount owed.
If Client or employer ("producer") has stated and signed off for payroll payment structure, a deal memo agreement will not be required.