compensation
Payment Terms (Net 30/60/90)
Definition
The payment schedule specifying when and how creators receive compensation. 'Net 30' means payment is due 30 days after a triggering event (invoice submission, content delivery, or campaign launch). Net 60 and Net 90 extend these timelines further.
For Creators
Net 90 payment terms mean you could wait three months after delivering content to be paid. Always negotiate for shorter terms (Net 15 or Net 30) and include late payment interest penalties. Require an upfront deposit—typically 25-50%—for large campaigns.
For Brands
Payment terms should align with brand accounts payable cycles. Net 30 is standard in B2B relationships; for creator deals, many creators push for shorter windows. Consider milestone-based payments for multi-deliverable campaigns.
⚠ Red Flag Warning
Contracts conditioning payment on 'final approval of content' with no deemed-approval provision give brands effectively unlimited payment delay by simply withholding approval indefinitely.
Sample Contract Language
“Brand shall pay Creator fifty percent (50%) of the total Compensation upon execution of this Agreement, and the remaining fifty percent (50%) within thirty (30) days of Creator's timely publication of the final Deliverable. Late payments shall accrue interest at the rate of 1.5% per month.”
Related Terms
Appears in 4 contracts
Browse related contracts →Contracts containing this term
Endorsement Agreement (Shaquille O'Neal / Papa John's 2022)
Papa John's International / PJMF · March 15, 2022 · EDGAR
Endorsement and License Agreement (Bruush Oral Care)
Bruush Oral Care Inc. · 2022 · EDGAR
Marketing and Consulting Agreement (Ray Lewis / Tauriga Sciences)
Tauriga Sciences, Inc. · June 16, 2021 · EDGAR
License Agreement (Cardi B / Whipshots)
Whipshots, LLC (Wyoming) · September 14, 2021 · EDGAR