The Buyer and Seller can agree on one from many pre-configured payment terms:
- Upon Signature - Payment to be submitted by Buyer to Seller upon completion of Deal Memo.
- Upon Delivery - Payment to be submitted by Buyer to Seller upon delivery of content.
- Upon License Period Start - Payment to be submitted by Buyer to Seller upon commencement of license period.
- Custom Payment Terms - Particularly useful for longer license periods, the buyer may wish to propose several payments at specific dates. See next section for details.
Custom Payment Terms
One or more custom payment terms can be created for the Offer. At it's simplest, a single payment can be created for a mutually-agreed date in the future.
Multiple payment terms can also be created to match certain contractual obligations such as to coincide with specific episode delivery or broadcasts, fixed periods of time such as quarters or years, or other custom times.
Example of two payment terms, one satisfying a pre-payment, and the final payment coinciding with the delivery of the content.