Ted Roche <> wrote: > I had a client I've worked with before approach me for a follow-on > project. They're strapped for cash at the moment, but had been > perfect with payments on time in previous project that lasted 10 > months. > They'd like to defer some of the costs of development for a period, > which I can sympathize with, but I'm not a bank and am fairly naive > over the terms offered. Anyone have an opinion (ha! In this crowd, > has anyone got an opinion -- what a funny guy!) on whether this is > ever a good idea or gotches on these terms: > > Time billable at $X.00 / hour > > Compensation split > > One-third = cash payable monthly NET 30 > Two-thirds = convertible, unsecured 90-day note at Prime + 3%
Tough call. How much time from your POV are you putting on the table weeks or months? Stephen Russell DBA / .Net Developer Memphis TN 38115 901.246-0159 "A good way to judge people is by observing how they treat those who can do them absolutely no good." ---Unknown http://spaces.msn.com/members/srussell/ -- No virus found in this outgoing message. Checked by AVG Free Edition. Version: 7.5.432 / Virus Database: 268.17.15/659 - Release Date: 1/30/2007 9:31 AM _______________________________________________ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.