Payment isn't due until 60 days after you deliver AND the client says they're happy. If they drag their feet on approving, the clock doesn't even start. That's a long time to float your own costs.

Every sketch and file you make, including concepts they didn't pick, becomes theirs the moment you create it. This is like a baker having to hand over not just the cake, but every practice cake and recipe note too. You can't reuse any of it.

You promise to cover the client's losses and legal bills for basically anything related to your work. 'Indemnify' means you pay if they get sued. This is very one-sided and the dollar amount is unlimited.

For two years after the job ends, you can't work for any business the client decides is 'similar.' That's a wide net, and they get to decide what counts. Note: non-competes like this are unenforceable in some states (e.g. California), but this contract is governed by Delaware law.

The client can ask for as many rounds of changes as they want, with no cap. For a flat fee, that means the job could balloon and you'd still get paid the same amount.

You'd need written permission to put this project in your portfolio or case studies. For a designer, that's a real cost, because your work is how you get the next client.