Legal Term
Termination Clause with Kill Fee
Legal Definition
A termination clause with a kill fee is a contractual provision in freelance writer agreements that stipulates a predetermined sum to be paid by the client to the writer upon early termination of the contract, typically before work completion, irrespective of breach, serving as compensation for the writer's lost opportunity and effort.
In Plain English
It's a rule in a freelance writing contract that says if the client cancels the project early, they must pay the writer a set amount of money, even if no final work is delivered.
Example in a Contract
Termination for Convenience: If Client terminates this Agreement for any reason prior to Writer's submission of the final Deliverables, Client shall pay Writer a 'kill fee' equal to 60% of the total Contract Price within 30 days of termination, which shall be Writer's sole remedy and Client's sole obligation upon such termination.
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