While I would like to post my "deal memo" here for all to see, it is something that me and my attorney put some considerable thought into at some cost to me. A generic deal memo is not a document that one should cut and paste off the internet and use for your own purposes. There is also a liability factor in doing that. You can get some rough ideas by looking at some Hollywood based deal memos by just doing a google search.
Sometimes a producer will even present you with their own "deal memo" (Fox sometimes does) to protect their ownership, liability, confidentiality and exclusivity. It is up to you to be knowledgeable enough to know what you need to change or strike before you sign it.
No contract, no matter how complete, will prevent someone from ripping you off if they are hell bent on doing so. It just gives you better options if it is financially worth persuing a deadbeat client. Most of the time if the debt is less than $3-4000.00 it will cost you more in legal fees than its worth to recover.
I will say this again, it is a piece of paper that I very rarely use, or for that matter rarely need to use. I do my homework about new clients and sometimes you still get burned. Management of cash flow is a much better option.
-- as far as an outsider handing out cards to my clients on my location goes, I've always thought that was a very big no no. I'd be really ticked off too. You can bet that your client will also get a follow up phone call from someone who does that kind of thing. I've had it done to me and I know how it feels. I'd consider that very unprofessional. Nine times out of ten my clients will say "do you know this clown?". Marketing and beating the bushes for clients is one thing, that move, in my mind, crosses the line.
Sometimes a producer will even present you with their own "deal memo" (Fox sometimes does) to protect their ownership, liability, confidentiality and exclusivity. It is up to you to be knowledgeable enough to know what you need to change or strike before you sign it.
No contract, no matter how complete, will prevent someone from ripping you off if they are hell bent on doing so. It just gives you better options if it is financially worth persuing a deadbeat client. Most of the time if the debt is less than $3-4000.00 it will cost you more in legal fees than its worth to recover.
I will say this again, it is a piece of paper that I very rarely use, or for that matter rarely need to use. I do my homework about new clients and sometimes you still get burned. Management of cash flow is a much better option.
-- as far as an outsider handing out cards to my clients on my location goes, I've always thought that was a very big no no. I'd be really ticked off too. You can bet that your client will also get a follow up phone call from someone who does that kind of thing. I've had it done to me and I know how it feels. I'd consider that very unprofessional. Nine times out of ten my clients will say "do you know this clown?". Marketing and beating the bushes for clients is one thing, that move, in my mind, crosses the line.