Reviewing a Freelance Contract β A 5-Minute Checklist
Most freelance contracts hide the same 5 risks. Here's how to find each one in 5 minutes.
The checklist
- 1
Payment terms
Net-15 to net-30 with deposit and late-payment interest is fair. Net-60+ is a financing favor to the client.
Payment terms clause β - 2
- 3
Indemnification
Mutual, capped at fees paid, with carve-outs for gross negligence only.
Indemnification clause β - 4
Termination + kill fee
14β30 day notice + 25β50% kill fee on cancelled milestones.
Kill fee clause β - 5
Usage rights
Define media, territory, duration, exclusivity. Charge an uplift for broad rights.
Usage rights clause β
Red flags
- Net-90 with no deposit
- IP transfer at signing
- Uncapped one-sided indemnity
- No kill fee
- Worldwide perpetual exclusive rights for free
- Termination at any time
Green flags
- Net-15/30 + deposit
- IP on final payment
- Mutual capped indemnity
- 25β50% kill fee
- Defined usage scope
- 30-day notice termination
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Not legal advice. For informational purposes only.