In short, no.
I don't know if legally this document would be called a contract. It reads:
Tape Ordered: March 14, 2011 - Delivery Date
Terms: PI/Advance Payment $1,200 30 Days/Refund
Sales determined on a 2-1 ratio. $2400 in sales = $1,200 commision
Client will refund if sales ratio not met.
Tape has been sent..Betacam SP.
Then it has a line where it is signed by us -- they prepared it but did not have a signature line for thesemves on a document.
If we said ''if it isn't in the contract, it isn't required'' then it would follow that since it doesn't say when a refund is due, we intend to make payment in 2050.
It seems to me the reasonable practice
would be relevant bothto providing sales generated as well as timeline in which a refund was made if that was proven -- also according to industry standards -- 30 days not 40 years.
If we generated $2,000 ins ales, we would expect a $1,000 commission and refund $200 -- common sense. The ''contract'' however is extremely vague.