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This is a Consulting Agreement between DeepIdea Lab LLC (“DeepIdea Lab”, “we,” “us,” “our”) and any individual, entity, or organization that procures our consulting products or services (“you” or “your”).
If you have any questions about this agreement, you can email [DeepIdea Lab](mailto:[email protected]?subject=Question%20About%20Your%20Terms%20%26%20Conditions).
Hourly Project: We charge an hourly rate for hourly-type projects. This is the default engagement model and usually suits projects that are under one full week of working hours. Our rate is $130 USD per hour unless otherwise stated in writing. An estimate of working time can be given but is not a guarantee. Invoices are sent at the end of the month or end of the project if happening first and shall be subject to our standard payment terms.
Fixed-Scope Project: We charge a fixed fee for fixed-scope projects. Our fee will be clearly stated in our proposal and is based on the parameters of the individual project and not upon time units. This practice is a core part of our code of conduct, safeguarding ourselves and you from unethical behavior. Unless otherwise agreed, our terms are 50% upfront and 50% on handover (or 100% upfront for projects under $5000 USD). If the client is not giving news (for example not replying to our emails) after 1 month, the project is closed. To reopen the project there is a reactivation fee of 20% of the total project value. DeepIdea Lab reserves the right to not accept to reopen projects (for example if there is not time for it or the service isn’t offered anymore).
Retained Services: We take your ongoing payments by Credit Card, ACH, or SEPA Direct Debit. At project kickoff, we will provide a link via which you will provide valid payment details for debit payments to be taken automatically on an agreed basis, normally monthly. We use industry-standard third-party vendors to manage our payment system and your information. You agree to keep your billing information current and agree that you’re solely responsible for failing to do so. You can cancel your subscription by emailing us at [email protected] at least 30 days before your next renewal date.
Agile Engagement: Where the scope is not clear, we define the project in terms of units of effort termed sprints which are executed sequentially in an open-ended fashion. Unless otherwise stated a sprint shall consume 20-24 labor hours across all disciplines as required by the project objectives and shall span three to five working days.
Training & Workshop Products: Certain of our educational services are ‘bundled’ and offered at a fixed price. Payment for these will be taken by Credit Card, ACH, or SEPA Direct Debit, 100% upfront.
Performance Fees: In some instances, we agree to work with clients in return for a reduced or eliminated consulting fee plus an agreed annuity payment contingent on the improved commercial performance of aspects of the business we contribute to; we refer to these as ‘gains’. In this instance, we forego our usual fee structure in lieu of the special terms outlined in this paragraph. Unless otherwise expressly stated, our fee terms for this engagement type shall be as follows:
SSA1: $3000 per month retainer element plus 10% annuity share of incremental gains above the baseline, or
SSA2: $6000 per month retainer element plus 5% annuity share of incremental sales above the baseline.
Further Shared Success Agreement terms:
Trial: If a trial is agreed, the work will be billable at the standard hourly rate of $130, whether or not it’s successful. We do not offer any free trial of our services and consultancy.
Standard Payment Terms: Unless otherwise expressly stated in a proposal, quotation, or online webpage with integrated payment features, invoices are payable within 15 days.
Rollover hours: For recurring subscriptions, the hours not used included in a development package can roll over up to three months, as long as the subscription remains active.