This article will help walk you through understanding Kill Fees when creating Content for Marketers.
What is a Kill Fee?
A Kill Fee is the amount paid to the Creator when a Content project is killed or cancelled by the editor before it is completed and published. The purpose of a Kill Fee is to compensate the Creator for any work done up to the point when the editor decides the project is no longer needed.
- The amount is agreed upon in advance by the Creator and organization.
- The project must have been agreed to by both parties and the terms accepted.
- Negotiated before the project is accepted.
- The editor kills the project before it is completed.
Note: A Kill Fee will only be paid out to the Creator when the project is killed by the editor. A Kill Fee will never be paid out if the Creator kills the project before it is completed. In this situation, no payment will be made to the Creator.