Deposit & Payout Policy

This governance policy sets defaults for deposits and payouts managed through GigFloSys. Specific terms in a contract override these defaults.

Deposits

• A deposit secures the booking and is typically 25-50% of the agreed payout.
• Deposits are due by the date specified in the contract.
• Deposits are non-refundable except per the Booking Cancellation policy.

Payouts

• Final payout is due upon completion of the performance, unless the contract states otherwise.
• Payouts are paid by the venue directly to the artist; GigFloSys does not hold or transfer booking funds.

Documentation

Both parties should record deposits and payouts in the Payments section for accurate records and reporting.

Taxes

Parties are responsible for their own tax obligations. GigFloSys does not withhold or report taxes on behalf of users.