A 50% deposit is required for work to commence. The remaining 50% is required for file delivery. Preferred billing method is cash, cheque or Interac e-transfer made out to the Feifei Digital Ltd. Payment is due upon receipt. 18% interest/annum will be charged on outstanding accounts. NSF Cheques will receive a $120 penalty. If projects go past scope, regular rates apply ($120/hour per person.) The first round of minor corrections is free of charge. Subsequent corrections will be billed at $120/hour/person. Hourly rate is $120/hour for Mike or any of his designers. Unfinished projects must be paid in full if they go over 3 months. A 50% rush fee will be applied to projects required the next day or earlier. Billing will occur every four weeks. Costs do not include printing, tape conversions (to HD, Betacam or otherwise), media, outsourced talent, photography, studio time and production unless specifically quoted. A 20% production fee will be applied to all expenses. Media is bought at 15% commission. For large projects this rate is negotiable. The pricing on this estimate is subject to change and only valid for 30 days. A 50% deposit of all consultation, photography & design fees plus 100% of travel, rental and hard production expenses is required to confirm booking. The remaining 50% of consultation, photography & design fees plus usage fees are due for release of print ready files or website launch. Full usage of copyright will be given to the client upon payment. Working files and fonts are property of Immersion Creative. Usage rights are granted upon full payment of invoice. There will be a 4.25% cost of living increase to rates every January. Non-payment is an infringement of our copyright. Ordering any services to be rendered under this estimate is agreeing to its specifications, terms and conditions, which become binding on both parties.