Industrial Design Fee Types
There are a number of methods of charging fees for industrial design. At times it may be appropriate to charge using different methods for different aspects of a project. The most common methods are outlined in this practice note.
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PN 308 2023 / Pages 8
Includes:
Hourly Fees
Fixed Fee
Fee Plus Equity/Royalties
Percentage of Project
Expenses or Disbursements
Overtime
Changes in Instructions
Communication
Goods and Services Tax
Designer’s Fee Agreement for Services and Conditions of Engagement