FEE SYSTEM
Our consultancy services are based on an hourly rate, multiplied by the number of working hours dedicated to a project.There are two different forms of contracts to suite the needs of a client. The fee system is different for each contract.
i. PRODUCT DESIGN DEVELOPMENT CONTRACT
The fee consists of an initial fee and royalty. For the initial fee, in consideration of consultation services, the predetermined fee will be paid in several stages. Stages usually follow the phase of the services. For the royalty, a fixed rate on the sales of a product will be paid. The rate ranges usually 3-5%.ii. ADVISORY CONTRACT
A client will pay a fixed amount periodically during the period of the contract. We usually visit the client monthly and give general advice on product development.In case of a consultation which requires concrete works for a specific product, it will be a product design development contract above mentioned.