Q: Do you provide references upon request?
A: Yes.
Q: Does the client own all completed and paid-for work product?
A: Yes. Ownership by the client is explicitly specified in the contract signed with The Haywood Group at the beginning of a project.
Q: What are your payment terms?
A: Each set of payment terms is individually negotiated, but generally speaking for existing clients payment terms are net 30 days; for new clients 50% of the estimated amount in a project is due at the beginning of the project and the remainder within 30 days of completion. We do not work purely on contingency.
Q: Do you accept payment contingent on a company's obtaining funding?
A: No. In certain cases, we will split the required payments, requiring a portion of the estimated fee (usually 50%) to be paid up front and accepting an increased amount later contingent upon some event (usually funding).
Q: Do you invest in your clients?
A: Usually not. We prefer to act at arm's length, to avoid possible conflicts of interest or the appearance of being anything other than an advisor.
Q: Do you obtain funding for your clients?
A: Our services are designed, among other goals, to maximize your chances of obtaining funding. And we will refer our clients to potential sources funding with whom we have connections. However, we do not offer obtaining funding as a service, and we do not accept commissions or referral fees for any funding sources with align with our clients.
Q: Does The Haywood Group offer or perform legal services?
A: No. While Mr. Haywood and some other members of The Haywood Group have been practicing attorneys, no member of The Haywood Group currently practices and in no circumstances does The Haywood Group provide legal representation or legal services. However, we do have relationships with top law firms, and we offer coordination of legal and other partner services.
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