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        Binder requirement  **
 

PLEASE CAREFULLY READ THE FOLLOWING BEFORE CONTINUING!
This might be a different way of doing business for you.

Making an offer --

We can only consider firm offers that are valid.

Buyers/promoters are invited to submit offers to purchase the services of one or more artists.
We do not submit offers to you – you will be submitting offers to us.
(This might be different from your previous way of doing business.)

For instance, we might inform you that an artist might consider a serious offer of US$100,000 to US$125,000. This means you are welcome to submit a formal offer of an amount in this price range for this artist.

You may submit an offer ONLY if you have the funds readily available to purchase the services of the artist.

Binder requirement --

After submitting a "firm" or "formal" offer, you will be required to bank wire to us a 10-15% "good-faith" financial binder before we process your offer. This is called "validating" your offer. We do not work with offers that are not backed by this financial binder. (A letter of credit is not sufficient, nor is a "promise to pay".) An offer that is not backed by the required binder is not considered valid.

The binder must be received within 72 hours of receiving your formal offer.

Of course, if an artist declines your offer, 100% of the binder will be promptly returned to you.

Which comes first --

The formal offer and the required binder must be received before we process your offer.

This means you are making a declaration that you have decided to hire the artist and you are prepared to move forward to a performance contract should your offer be accepted.

Do NOT ask us to request the artist to commit to your date before you wire funds.

Occasionally, we get promoters asking us to get an artist to commit to a date so they (the promoters) can get investors and/or sponsors to release funds. This is totally unacceptable. If you do not have control of at least 10% of the amount to be offered, stop. Do not proceed. We cannot assist you.

You MUST be able to forward the good-faith binder when you make your formal offer!

Again, an offer that is not backed by the required binder is not considered valid - and cannot be considered.

In summary --

The buyer/promoter must demonstrate a commitment that is backed by bank-wired funds before we can proceed to take action on a submitted offer.

If you require the artist to commit (or to accept your date) before you wire funds, do not proceed. Such a requirement is not acceptable. We will not be able to do business with you.

If you know that you will be financially prepared to forward the required binder when you submit an offer, let's discuss business! We are happy to provide services to you!

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If you are not able to transfer funds when you make an offer, click here.


Richard De La Font Agency, Inc.

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