"According to his new terms (which weren't explained by him over the phone), he pays when he gets paid. He claims that he was paid late."
Any signing service that says that is clearly undercapitalized - what he's asking you to do by waiting until he is paid is to float him a no-interest loan.
What you don't want to do is to be sucked into a type of Ponzi scheme, where the cash flow is so bad that they have to pay older invoices from the proceeds of newer assignments. At some point, it all falls apart and you're sitting there with a bankruptcy filing notice and unpaid invoices. Do what you can to get paid now and then move on.
Keep this rule in mind: If you're working harder to collect your money than you did to earn it, you're doing something wrong. |
