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Contacted by an Istock customer. Price...

Started by Magnum, June 24, 2010, 17:28

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donding

Quote from: Magnum on June 30, 2010, 17:33
Deal closed now and money on the bank.  I took bits and pieces from the contracts I got from friends here and some I found out myself.   Tiny easy to read contract. Customer must be pleased to not get a giant contract.

So much for that though...They send ME a two pages contract with amounts of $1000000 here and there. working conditions bla bla.  I breathed heavy one time and signed it :-[ USA...

Really glad for the sale though:)

Congrats....glad to see you got it done and over with...but what is the $1000000 about??

Magnum

Thats a from paragraph in the contract about me having insurances about damages that may occur while working for them, or something.   


If I edit a photo for them, and fall back on my chair crushing a shoulder as an example, I need insurance against bodily injuries and property damage covering no less than $2000000 in a combined single limit.

That´s not possible to get in Sweden:)

Ofcourse I´ve got insurances, but would never get new ones for a single job...

I guess I got the American version of the contract:)

Kone

Congrats on the sale. Wish you many more.

donding

With a contract like that, it sure sounds like they've dealt with purchases before.....heh maybe you need to move to the US so you can fall out of your chair and make more money from the injury than you would ever make from microstock in all your life.....  :D :D :D

Magnum

Ha ha,  There must be people trying things like that all days in the Us.     

Randy McKown

Quote from: Magnum on June 30, 2010, 21:41
Thats a from paragraph in the contract about me having insurances about damages that may occur while working for them, or something.   


If I edit a photo for them, and fall back on my chair crushing a shoulder as an example, I need insurance against bodily injuries and property damage covering no less than $2000000 in a combined single limit.

That´s not possible to get in Sweden:)

Ofcourse I´ve got insurances, but would never get new ones for a single job...

I guess I got the American version of the contract:)

I'm not sure what version you got LMAO !!!! ... It sounds pretty stupid. When you go get a haircut is the stylist required by you to carry $2 mill in insurance in case they snip their finger while cutting your hair? If I go to the store and the bagger pulls a muscle lifting my case of bottled water can they sue me for millions? LOL But hey their bad business paid off for you. :D Congrats on the deal !!! :D

cathyslife

Quote from: Randy McKown on July 01, 2010, 20:56
I'm not sure what version you got LMAO !!!! ... It sounds pretty stupid. When you go get a haircut is the stylist required by you to carry $2 mill in insurance in case they snip their finger while cutting your hair? If I go to the store and the bagger pulls a muscle lifting my case of bottled water can they sue me for millions? LOL But hey their bad business paid off for you. :D Congrats on the deal !!! :D

Ditto on the congrats. And I had the same thoughts as Randy. You aren't employed by them, you are a contractor. If you fall off your chair in your office, your insurance or you will pay for the injuries/damages. I suppose there are some who would try to sue the company they happened to be doing work for while in that chair, but I'm sure thinking it wouldn't fly even in a court of law. But hey, a woman sued McDonalds because she spilled hot coffee on herself, scalded herself, and won (claiming the coffee was too hot). So....
#boycottShutterstock   #shutterstockBoycott

Randy McKown

Quote from: cclapper on July 01, 2010, 21:51
Quote from: Randy McKown on July 01, 2010, 20:56
I'm not sure what version you got LMAO !!!! ... It sounds pretty stupid. When you go get a haircut is the stylist required by you to carry $2 mill in insurance in case they snip their finger while cutting your hair? If I go to the store and the bagger pulls a muscle lifting my case of bottled water can they sue me for millions? LOL But hey their bad business paid off for you. :D Congrats on the deal !!! :D

Ditto on the congrats. And I had the same thoughts as Randy. You aren't employed by them, you are a contractor. If you fall off your chair in your office, your insurance or you will pay for the injuries/damages. I suppose there are some who would try to sue the company they happened to be doing work for while in that chair, but I'm sure thinking it wouldn't fly even in a court of law. But hey, a woman sued McDonalds because she spilled hot coffee on herself, scalded herself, and won (claiming the coffee was too hot). So....

LOL yeah .. Gee your honor I never would have guessed that the hot coffee would be served hot.  :P

donding

Quote from: Randy McKown on July 01, 2010, 22:49
Quote from: cclapper on July 01, 2010, 21:51
Quote from: Randy McKown on July 01, 2010, 20:56
I'm not sure what version you got LMAO !!!! ... It sounds pretty stupid. When you go get a haircut is the stylist required by you to carry $2 mill in insurance in case they snip their finger while cutting your hair? If I go to the store and the bagger pulls a muscle lifting my case of bottled water can they sue me for millions? LOL But hey their bad business paid off for you. :D Congrats on the deal !!! :D

Ditto on the congrats. And I had the same thoughts as Randy. You aren't employed by them, you are a contractor. If you fall off your chair in your office, your insurance or you will pay for the injuries/damages. I suppose there are some who would try to sue the company they happened to be doing work for while in that chair, but I'm sure thinking it wouldn't fly even in a court of law. But hey, a woman sued McDonalds because she spilled hot coffee on herself, scalded herself, and won (claiming the coffee was too hot). So....

LOL yeah .. Gee your honor I never would have guessed that the hot coffee would be served hot.  :P

LOL...maybe we're all in the wrong type of business!!!!!

gaja

I guess you are a member of Försäkringskassan (national insurance)? That is usually good enough for all such purposes.

Magnum

#85
Yepp, I am, since I´m a Swedish citizen.  Im not sure it helps a business in problem though. (Not that this is a problem)

duaneellison

Congrats Magnum on the sale, this thread was really a fun read especially with all the back and forth.

I think the insurance thing is fairly normal.  I have photo business insurance and it covers me for stuff like that.  I think it typically is when you are working in their area or whatever but along the same lines. 

Will you be able to reference them as a client?  That might be useful to depending on what they do.

Congratulations again though!

Duane...

Magnum

Thanks Duane!  I had great fun along the way:)

I think it´s a big clothing company, but I will dig into that later and see if I can find my image.    References is always good...

Jonathan Ross

Hi Magnum,

One more time congrats for playing the game so well. It seems some people here don't aren't clear when it comes to stock sales negotiations. Most would have been happy with 10 dollars but not you : ) Maybe some people will learn what can be made from stock if they follow your lead. Bravo.

Jonathan
Keep shooting!

Suljo

Hmmm
I try to track this post from the beginning but dont dig up what is end of story?
Did you earn 2.000 or 1.000.000 bucks?
Did you sell them copyright or full owner???

Magnum

Quote from: Suljo on July 09, 2010, 03:38
Hmmm
I try to track this post from the beginning but dont dig up what is end of story?
Did you earn 2.000 or 1.000.000 bucks?
Did you sell them copyright or full owner???

$2000  / full owner 

BImages

How much time on istock, your file would had needed, to make the same amount of money?

lisafx

#92
Quote from: Buzbuzzer on July 09, 2010, 20:50
How much time on istock, your file would had needed, to make the same amount of money?

Probably never.  I have been on IS for over 5 years and don't see returns like that on individual files.  

Maybe exclusives have a fair number of files that reach those levels...?

click_click

Quote from: Buzbuzzer on July 09, 2010, 20:50
How much time on istock, your file would had needed, to make the same amount of money?

When I look at your portfolio I think you know the answer to that question.

Nice images!

BImages

I would probably have done it on most of my pictures, but not my top ten.

Dreamframer

Congrats Magnum! I wish you many more sales like this!
Join: SS FT DT 123RF

Magnum

#96
Quote from: Dreamframer on July 12, 2010, 18:27
Congrats Magnum! I wish you many more sales like this!

Thanks :) I hope so too. I´d never hesitate to sell a slightly changed existing 3d render for 2 grand,  if it happens again.