Beloved Experiential has been in business since 2004 and is both a reputable business and leader in its industry. No matter how slanderous, erroneous or inaccurate the information posted about our company on this site is, Ripoff Report will not remove submissions from either party. With that stated, we have no other recourse but to respond in this forum.
While we are sensitive to how the current economic climate has affected the urgency for contractors to get paid on work performed and completed, our clients are also affected by the economic conditions and, as a result, are frequently delinquent with us or demanding an increase in net payment terms. Fortune 500 companies are demanding net 60-120 day payment terms without negotiation, despite our contractors' needs to collect payment much sooner. Unfortunately, we are not in a position to bankroll these large corporations and advance funds to contractors while we proceed with collection efforts.
Lastly, section 4 of the independent contractors agreement which all Beloved Experiential contractors sign, clearly states "Agency shall pay Contractor within seven (7) days of Agency’s receipt of such compensation from Agency’s client, according to the rates and terms set forth in this Agreement and any applicable Addendum(s)." We have always complied with these terms and it is not of interest to us to hold payment from any of our contractors.