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Comment by ary

12 years ago

Are there any reasonable escrow services out there for designers? It seems that a third party with a list of conditions for both sides could hang on to a predetermined amount of money and the digital assets until both parties agree to release.

There are perhaps caveats that I've not considered, but this idea comes to me again and again when I hear this kind of story (again).

Edit: Guess I also have to throw in here that I am continually amazed at the number of people who are afraid to do the dirty work of being in business (drawing up contacts, negotiating, calculating margin, saying NO, etc).

"list of conditions for both sides ... predetermined amount of money" - that is what contract is. If they had it - no need for escrow.

  • You're assuming that:

    1. The contract will be honoured and

    2. The cost of litigation is lower than the unpaid $.

    • well, yes. I am assuming a lawyer call is enough to make 95% of people shut up and pay. at least in western world. So existence of contract reduces your risk 10-20 fold