4.1 Unless otherwise agreed in writing, KYAK Studio requires:
- A non-refundable 25% deposit before work commences;
- The remaining balance payable upon project completion.
4.2 Final invoices are payable within 7 calendar days of the invoice date unless alternative terms are agreed in writing.
4.3 KYAK Studio reserves the right to:
- Suspend work;
- Withhold delivery of final files;
- Delay transfer of intellectual property rights; or
- Terminate services
where payment is overdue.
4.4 Late payments may incur:
- Statutory interest;
- Reasonable debt recovery costs; and/or
- Administrative fees where permitted by law.
4.5 All quoted prices are exclusive of VAT. VAT will be added at the point of invoice where applicable.