Payment for Artwork Sample Clauses
The 'Payment for Artwork' clause defines the terms and conditions under which payment must be made for commissioned or purchased artwork. Typically, it specifies the amount due, the payment schedule (such as upfront deposits or installments), and acceptable payment methods. For example, it may require a 50% deposit before work begins and the balance upon delivery of the final piece. This clause ensures both parties understand their financial obligations, reducing the risk of disputes over payment and providing clear expectations for the transaction.
Payment for Artwork. For any period for which the Consultant is requesting payment for artwork, the Consultant shall submit a statement indicating the percentage of completion of all required services by the artist, as well as the total actual cost of the artwork to date.
Payment for Artwork. For any period for which the Consultant is requesting payment for artwork, the Consultant must submit a statement indicating the percentage of completion of all required services by the artist, as well as the total actual cost of the artwork to date. All payments hereunder are contingent upon the Consultant’s satisfactory performance of the required Services. The Consultant will not be entitled to any compensation for Services or reimbursement for costs or expenses with respect to any such obligations not properly performed by it hereunder. The Commissioner and/or ACCO is authorized to make deductions for any Services performed hereunder which the Commissioner and/or ACCO determines to be unsatisfactory. Prior to final payment, the Consultant shall submit three (3) copies of a letter signed by each sub- consultant hired by the Consultant acknowledging payment to them of at least ninety-five percent (95%) of the fees allocable for their services up to that date and an affidavit from the Consultant stating that all amounts payable for services of his/her sub-consultants or materials in connection with this contract and not yet paid, will be paid immediately upon receipt.