FINAL FINAL FUND

// 09_legal/grant-terms

Grant terms.

What happens after you get a yes — deliverable, money, publicity, taxes, and what we take (nothing).

v1 draft — plain-English summary of terms pending counsel review. The signed grant letter governs.

01

The deliverable & timeline

The deliverable and the ship date are whatever you told us in your application. We hold you to your own plan — not a template, not a boilerplate milestone schedule. If your timeline slips, tell us; we'd rather adjust the date than manufacture a default.

02

Disbursement

Half the grant on the countersigned letter. The other half on proof of ship — a link, a file, a show recap, whatever "done" looks like for your project. We prefer to pay your vendor directly (studio, venue, mastering engineer) whenever that's workable; ask and we'll set it up.

03

What we take

Nothing. No equity, no royalties, no rights, no recoupment. Your work remains 100% yours, before, during, and after the grant. This is principle one and it isn't negotiable.

04

Publicity

At acceptance, you choose what we may publish. Your name and project title always appear on the public ledger — that's how the fund stays accountable. Your story and cost breakdown are opt-in: you decide whether those go public, and you can say no.

05

Taxes

Grants are income. Grants of $600 or more are 1099-MISC reportable, and we collect a W-9 at acceptance. We tell you this up front so April doesn't surprise you.

06

If the project dies

It happens. There's no clawback of the first half — that money is yours regardless. Send us a short note on what happened; no performance required. Then wait two cycles before you reapply, with this project or a new one.

07

Conduct

We may decline to fund, or to remain associated with, work that's unlawful. That's the whole standard — we're not editors and we don't police taste.

08

Governing law

These terms are governed by the laws of the State of California.