Is this guy trying to pull a fast one?

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RealJasonBourne said:
Im looking to hire someone to do a character for my web-series. I set the budget for that role as $700-$1000. Some guy responded and put a price for $1100 but said he needs more information on the word count, because I forgot to put any details on how much work he would be doing. I did a word count on the script and sent it to him asking if he would adjust his price based on it, he sent me this:

"I'll do it for $800.00, which gives you 20% off the original quoted price, as this is a buyout. Looking forward to working with you."

I dont understand what he means by "as this is a buyout". I searched for the definition online and it says its when you get the majority of a company's shares. All I said in the ad was this is will be an ongoing youtube series and it will be a reoccurring role. Is he trying to sneakily throw that word in there so if the show gets big he can say to the judge "I told them it was a buyout"?
Click to expand...

There are several ways you can pay. You can offer a low payment and
residuals. You can offer a full buyout - a one time payment with no
residuals. This has nothing to do with shares of a company. This person
understands the business; he knows he will not be getting any further
payments in the form of points or residual payments and is agreeing to
the terms.

You do have a full contract that spells out everything, right?
 
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directorik said:
There are several ways you can pay. You can offer a low payment and
residuals. You can offer a full buyout - a one time payment with no
residuals. This has nothing to do with shares of a company. This person
understands the business; he knows he will not be getting any further
payments in the form of points or residual payments and is agreeing to
the terms.

You do have a full contract that spells out everything, right?
Click to expand...

oh... :D
:huh: I dont have a contract made. I dont know much about that process so Im going to have to do some research, thanks for the info :yes:
 
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You don't have a contract but you are concerned that the guy
is trying to pull something over on you. The simple solution to
that is to have a contract. My advice is to NEVER do anything
that involves payments without a written agreement. Even if
it's not an "official" contract get it in writing. This guy could
think YOU are trying to pull a fast one on him. That may be why
he put in writing what he understands the agreement to be; a
buyout.

Try "voice over buyout agreement"
 
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