Hey Artists…Stop Asking for Deposits
In this post at Photo District News, it is recommended artists stop using the word “Deposit” in contracts and instead opt for “Retainer”. Needless to say, we’ll be re-wording our contracts soon.
“Never use the word “deposit.” Always, use the word “retainer,” as retainers are non-refundable but in the court of law, deposits in some cases, are refundable. Your clause now gives the bride a bit of wiggle room and [your client] took advantage of it. Also, I require a 50% down payment, and the remaining balance is due three weeks prior to wedding date in full. Your asking for only $500 to book a wedding is not enough as we know that barely covers our costs.”