Payment Schedule

Penhire will proceed with the work outlined in the brief upon receipt of 50% of the estimated fee upfront. All other invoices are payable net 30 days from the date of invoice, subject to late payment legislation. Once a job is given the go-ahead by the client, all balances become non-refundable. In the unlikely event that Penhire fails to produce work that the client can approve of, a "kill fee" of 50% of the balance will apply, and the drafts produced up to that time remain the exclusive intellectual property and copyright of Penhire unless released in writing by Penhire.