The payment model consists of two elements. A one-off fee of €3,000 combined with one of the following payment terms for developing the concept into a production ready design: 5% royalty 3% royalty and an hourly design fee of 100€ for developing the concept into a production ready design*  Hourly design fee of 200€ for developing the concept into a production ready design. No royalties*  *The Designer is to provide an hourly estimate to develop the concept into a production ready which must be pre-approved in writing by you. 150 hours should be expected to develop a production ready design.