Pre-approved by Intellectual Property ("IP") Management
IP Management will review and approve product concept, design, and mock-ups
A buffer period for conceptualizing and production is subject for discussion
At least 1 year which is extendable annually
Fees are based or percentage of gross sales (or retail price) with a certain Minimum Guarantee ("MG")
This package is a standard scope with above details. For the additional scope on top of those scopes can be discussed subject to the approval of the IP Management and the Talent Management. Additional budget may apply for the additional scope of work.
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