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How to get 50% of a development contract $ upfront?

1 pointsby Apaneover 10 years ago
So I typically get paid by milestones on larger projects ranging from $15k-$30k. However, I&#x27;m about to take on a smaller project $5k and I&#x27;d like to request half of the $ upfront and then the other half upon completion. OR perhaps, the other half broken up into milestones.<p>I&#x27;ve added this clause to the contract, the latter version (second half paid out each milestone). Is this a fair way to do it? I don&#x27;t want to risk losing the contract because of this but because it&#x27;s a smaller amount I&#x27;d like to at least get half upfront to get me started.<p>Any thoughts on this would be helpful!

1 comment

smt88over 10 years ago
That&#x27;s how you do it. If they don&#x27;t agree, it&#x27;s probably not going to be easy to do business with them anyway.<p>It might be easiest for you to set up an escrow, though.