Deposit Terms
The contract defines a deposit, signing fee, or advance. Strength depends on size, refundability, and conditions.
What it means
This contract defines a deposit, signing fee, advance, or retainer payable to you before substantive work begins. A deposit is typically a protective feature because it secures part of your cashflow at contract execution. The strength of the protection depends on three things: the size of the deposit relative to the total fee, whether it is refundable, and whether it is conditional on factors outside your control.
A clean non-refundable deposit at 25-50% of the total fee is the strongest cashflow protection in a creator contract. It underwrites the calendar time you set aside, reduces the impact of cancellation, and gives you a firm financial position from contract execution. A refundable or conditional deposit is functionally weaker; the brand can recover the payment under defined triggers, which removes much of the protective value. Where a deposit is small or conditional, the other payment risks in the contract (kill fee, contingency, milestone clarity) become correspondingly more important.
What to check before you sign
- ·Is the deposit non-refundable in all circumstances, or refundable under defined triggers?
- ·What percentage of the total fee does the deposit represent?
- ·Is the deposit payable on signing, or contingent on other events (kick-off, pre-production approval)?
- ·Does the deposit have an explicit timing window (e.g., within 7 days of signing)?
- ·Is the deposit credited against the final fee, or paid in addition to it?
- ·Is the deposit conditional on brand satisfaction or content approval?
How to fix it
- easy
Remove the refundability provisions and make the deposit unconditionally non-refundable on signing. Most often the cleanest single fix.
- moderate
Negotiate the deposit up from a small percentage (e.g., 10%) to a substantive one (25-50%) that materially underwrites the production work.
- easy
Add an explicit timing window for deposit payment (e.g., within 7 days of contract execution), rather than leaving the timing implied.
- easy
Where the brand resists a "deposit" structure, ask for a non-refundable signing fee separately labelled, which often passes procurement more easily than a deposit structure.
Negotiating it
"For production planning I would value a deposit structure on this engagement. A non-refundable signing payment of 25-50% would work well, happy to structure as a deposit or as a separate signing fee. "
No deposit offered, combined with refusal to consider a signing fee or any upfront payment, alongside a no-kill-fee or fee-contingency clause is a strong walk-away signal; the creator is being asked to underwrite the entire engagement without any secured cashflow.
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Educational guidance, not legal advice. For high-value or complex deals, consult a qualified solicitor.