Buyer Beware! – 100% Prepayment

by admin on November 19, 2007

Should client not pay the balance due at least two weeks prior to client’s event date, client’s retainer will be forfeited and the studio will be under no further obligation to client.

First, note the use of the word “retainer” rather than “deposit”. Take note of what exactly your contract states and how it is worded. By law in some states, a “deposit” is refundable if the work is not rendered, whereas a “retainer” is a fee to hold the day and is not refundable.

Second, NEVER pay 100% of the contractual package price up front or prior to the wedding.   100% prepayment before the event tips the balance to the vendor who is covering his backside while you are left with absolutely no leverage should something go wrong or the vendor fails to follow through on his contractual commitments.

On the other hand, an insufficient deposit does not compensate the vendor if the consumer reneges on the contract. A good contract balances the obligations of both parties and the equal remedies for both parties should the other party fail to abide by the contractual agreements. A fair deposit is one that motivates the vendor to do the job and completely in order to get the balance of payment and also motivates the client to pay the balance to get a product they have already placed a deposit on. If you cannot persuade the vendor to amend the contract so as to not prepay 100% before the event, find another vendor.

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