Deal Memo

Deal Memo

Notice: A payment method and payment terms selection are required before the Client’s shoot date.

Payment: 1%/10/Net-30
Service Fee: To keep LÜK running smoothly and to cover the costs of the services we provide, like real-time full-service support, we charge a 5% service fee when a booking is confirmed.
Late Payments: Any invoice not paid in full within thirty (30) days of the invoice is subject to a 5% finance charge and an 18% annum or 1.5% monthly interest charge. LÜK reserves the right to use any and all means of collection available under applicable law to collect any amount past due.
OVERTIME WILL BE CHARGED AFTER 8 HOURS AT A RATE OF TIME AND A HALF.
California law requires that employees (which may include models) are paid their full wages on the next regular payday, provided that labor performed between the 1st and 15th days, inclusive, of any calendar month shall be paid for between the 16th and the 26th day of the month during which the labor was performed, and labor performed between the 16th and the last day, inclusive, of any calendar month, shall be paid for between the 1st and 10th day of the following month.
Upon the conclusion of the job, payment will be released to the talent agency and Client will receive a finalized invoice that will include any applicable expenses/incidental charges (e.g., travel, lodging, cosmetics, etc., as agreed upon at the time of booking).
Cancellations: With confirmed bookings, any cancellation within the 48 hours of shoot: Half Fee. Cancellations made within 24 hours of the shoot: Full Fee. Any travel expenses (e.g., hotel, flights, gas, and rental car) to be reimbursed by the client if the booking is canceled any time after the confirmation of booking).
Force Majeure Cancellations: Cancellations made within 48 hours of the shoot: Half Fee. Service Days to be performed on the next mutually convenient date at the full fee. Any service days not rescheduled will be charged at the full fee.
Conditional Release: Any and all releases provided by the talent (e.g., models, actors, etc.) to Client – including but not limited to releases for the use of the name, voice, signature, photograph, image, or likeness of the talent from the job at issue – are conditioned upon Client’s payment of LUK’s invoice in full and in a timely manner. In other words, Clients is not authorized to use or publish the name, voice, signature, photograph, image, or likeness of the talent from the job at issue until and unless the Client pays LUK’s invoice, including any and all fees and reimbursements, in full and in a timely manner.
COVID-19: The novel coronavirus, COVID-19, has been declared a worldwide pandemic by the World Health Organization. COVID-19 is extremely contagious and is believed to spread mainly from person-to-person contact. As a result, federal, state, and local governments and federal, state, and local health agencies recommend social distancing and have, in many locations, prohibited the congregation of groups of people.
Client represents and warrants that it has put in place preventative measures to reduce the spread of COVID-19 and that the said preventative measures either meet or exceed the most current regulations and recommendations of federal, state, and local governments and federal, state, and local health agencies. The Client shall continue to implement all said preventative measures and continue to comply with all said regulations and recommendations of federal, state, and local governments and federal, state, and local health agencies before, during, and after the shoot.

Client shall indemnify, hold harmless, and defend LÜK, and LÜK’s officers, directors, board members, members, employees, representatives, volunteers, and agents, and any successors to or assigns of LÜK’s interest in this deal memo, from and against any and all claims, judgments, damages, penalties, fines, costs, or losses (including without limitation, sums paid in settlement of claims, attorneys’ fees, consultant fees, expert fees, and litigation costs) arising out of Client’s acts or omissions with regard to compliance with any and all regulations and recommendations of federal, state, and local governments and federal, state, and local health agencies, including without limitation the acts or omissions of Client’s officers, directors, board members, members, employees, representatives, volunteers, agents, and invitees.

Attorneys’ Fees and Costs: In the event, any controversy, dispute or claim arises out of or relates to this Agreement, the prevailing party shall be entitled to recover its costs and expenses and its actual attorneys’ fees as an element of its costs and not as an element of its damages. The prevailing party shall be the party who is entitled to recover the costs of its action or proceeding, whether or not such action or proceeding proceeds to final judgment. A party not entitled to recover its costs of suit or arbitration may not recover attorneys’ fees. No sum for attorneys’ fees shall be counted in calculating the amount of a judgment for the purposes of determining whether a party is entitled to recover its cost of attorneys’ fees. A judgment or award shall be deemed final after all rights of appeal have been exhausted.
Feel free to contact accounting@luknetwork.com if there are any questions regarding the change in invoice policies.
Office Hours M-F 9am - 6pm 1052 S. Olive St. Los Angeles Ca. 90015