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/
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