Yes, it's all relative. If you're providing camera services for a day for several hundred dollars the loss if the payment doesn't come through isn't significant. However if you create a marketing video for a corporation that consists of multiple shooting days, talent, music, animation, etc. and the budget is over $50K then you better have a signed contract in hand before shooting a single frame of video.thisiswells said:The thing is, several hundred dollars is nothing to a big company in NYC.
As far as the big corporations go I've never had issues with having them sign a contract. It's how business is done.
Because that super nice trustworthy guy or as you put it "kind soul" might be a con man. I was unfortunate enough to have run across such an individual. Turns out he was travelling the country working his con in every major city until the feds finally caught up with him. By the time they caught him he had pocketed nearly $2 million dollars from various companies. He is now serving time in a federal pen. Truth be told in this instance a contract would have been useless. He skipped town and we never saw him again. Our company failed miserably in deciding to work with this individual. We failed to do a proper background check that may have raised some red flags.thisiswells said:Why would I want to bother the kind soul who's hiring me by requiring him/her to sign and fax a meaningless contract when they are hiring 25+ other videographers across the US every day?
The point is don't stick your neck out very far if you don't know a lot about the person you're doing business with.