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NiKKoM said:

lol... that's one bad contract GRIN made with SE... how in the world would one get a 20 million dollar contract and only have in it "pay on delivery"... heck even if I close a contract for 1000 dollar half is paid upfront..

Unfortunatly alot of videogame pulishers like Activision, EA, Square-Enix, etc all use quite dodgy contracts. Often upcoming contracts for games are oral contracts with no formal agreement, developers often need to work on games for a few months before the project is formally accepted, royalty payment timing is based off publisher wants (eg. some like Microsoft often pay upfront based off sales projections others delay for payment for 'x' months to get the numbers in a certain quarter/fiscal year)

 Ofcourse this is all when dealing with "small to mid" range developers, they actually have to nice when dealing with big name developers who get to pick there own project and then pick which publishers to offer it to.