Binding Agreement & Payment Schedule
This invoice represents a fixed fee for the professional services described in your project proposal. By remitting the initial 50% deposit, the Client enters into a binding agreement for the full project fee.
- Deposit: 50% of the total project fee is due within 5 business days of the invoice date to secure the project start date.
- Final Balance: The remaining 50% is due within 5 business days of the "Project Completion Notification" or the presentation of final deliverables.
Taxes, Fees, and Currency
All rates are quoted in USD.
- Net Payment: The Client is responsible for all banking, wire transfer, or platform processing fees. The final amount received by the Firm must match the invoice total.
- Taxation: All prices are exclusive of taxes. Any applicable sales tax, VAT, or digital services tax required by law shall be borne by the Client.
Project Acceptance & "Deemed Completion"
Upon presentation of final work, the Client has 5 business days to provide feedback or request reasonable revisions within the original project scope. If no communication is received within this window, the project is defaulted to "Completed" and the final balance becomes due in full immediately.
Ownership & Intellectual Property
Full ownership and usage rights of the deliverables remain with the Firm until the total invoice balance is paid in full. Upon receipt of the final payment, title and rights are transferred to the Client as per the original agreement. The Firm reserves the right to withhold final high-resolution files and source assets until the account is settled.
Scope Adjustment & Termination
- Scope Creep: If the project scope increases beyond initial parameters, an Account Manager will provide a written agreement for additional charges, which will be invoiced separately.
- Termination (Kill Fee): Should the Client terminate the project at any stage after commencement, the full project fee remains due and payable. No refunds are provided for deposits or work in progress, as resources have been specifically allocated to the project duration.
Late Fees & Penalties
Any balance outstanding beyond the 5-business-day window is subject to a late fee of 1.5% per month (compounded monthly). The Firm reserves the right to pause all active services for accounts with overdue balances.
Governing Law
This agreement and all invoices issued are governed by the laws of the State of New York, USA. Remittance of payment constitutes full acceptance of these terms.
Contact Us
If you have any questions about these Terms & Conditions, you can contact us:
- By email: contact@vissoo.com