Basically, a kill fee is a clause in your contract that says that if the client decides to back out or terminate the project mid-way through, after a contract has been signed and project begun, then a fee to “kill” the contract must be made. I recently worked on a project that did not include a kill fee, and unfortunately it cost me time and money.
What’s that you say? You don’t have a contract? Well that’s a topic worthy of it’s post (or several) of it’s own. I’ll just say this for now: If you’re not working with a contract in hand, you are not acting like a professional. Get a contract in order now!
Had I set it up the contract correctly, with a kill fee, the pay structure should have looked something like this: