GigPay Launches Contracts Tool - An Easier Way To Get It In Writing
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press release
GigPay, the event payments start-up, has developed an online tool with the ability to generate and manage live performance contracts for it’s users.
The service, operated from GigPay.com allows a musician or anyone hiring them, to draw up a customised professional live performance contract, by providing information relevant to their event or gig. Using answers, figures and dates provided by the user, GigPay’s system generates the relevant legal clauses covering the scope of input. The result is a contract that is tailored to the user’s specification. At this point the user can email or fax the resulting contract to the other party who can print, sign and return the contract, or go to GigPay.com to electronically agree to it.
Electronic signatures are starting to be widely adopted, having been legally binding for many years. GigPay’s offer of e-signature as a signing option is a natural step in the quest improved workflows in live performance agreements. Users can also manage and track the status of any contract drawn up by the system.
The contract itself can be changed at any time prior to agreement and the sender can make changes at the request of the recipient. After agreement the contract is indefinitely available online, allowing both parties the benefit of an unchanged, centrally stored contract. In addition, GigPay’s contract has an easy to read format that displays a contract’s key facts and then the detail following that. The layout is an improvement on the ‘long form’ and ’short form’ contract system currently used in the industry.
The service is targeted at live musicians, promoters, booking agents and DJs, though it can be used for most types of event bookings to manage and track the status of contracts drawn up by the system. The company founder, Joe Charakupa, says that GigPay is making a concerted effort to serve the Hip-hop community after being inspired by and finding custom in the American Hip-hop industry.
GigPay are offering the service for a per-contract fee of $1.80/£0.80 or a soon to be determined annual fee (allowing unlimited use of the system for no extra cost). The indication is that the annual fee will be no more than $25.
Notes
GigPay is a UK-based payment processing company for the live events industry. It’s services launched globally in October 2008 and thus far these are in 3 distinct categories.
• GigPay; a service that uses a combination of credit card processing, email billing and escrow to process payments between musicians and event promoters. Sort of like PayPal for live events.
• Virtual terminals aimed at booking agents, venues and larger organisations
• and a live performance contract generation and management service.
Press Contact:
Joe Charakupa
GigPay Ltd
7B TVU Enterprise Centre | Wellington Street | Slough | Berkshire | SL1 1YG | England
T: +44 (0) 1753 518 548
M: +44 (0) 7912 943 108
E: joe@gigpay.com
W: www.GigPay.com
