If your Concept has been introduced to a Client and a contract is signed between you (directly or indirectly) and the Client
("Client Agreement") in relation to the Concept, whether by way of license, franchise, development, consultancy, investment,
loan, partnership, collaboration, joint venture, assignment of IP, share swap or any other form of transaction or business
arrangement in relation to the Concept, in addition to the Subscription Fees, a success fee ("Success Fee") is payable to us by
you as follows.
- Franchise or Licence Agreements: Minimum of either (i) £10,000 or (ii) 20% of the total franchise or licence fees, whichever is larger;
- Investment, Funding or Loans: 3% of the total investment, funding or loan; an
- In relation to all other forms of Client Agreement:
- Where the total value to the Contributor is less than £50,000: Minimum of either (i) £5,000 or (ii) 20% of the total value, which is larger;
- Where the total value to the Contributor is less than £100,000 but equal to or more than £50,000: Minimum of either (i) £10,000 or (ii) 20% of the total value, which is larger; and
- Where the total value to the Contributor is £100,000 or more: Minimum of either (i) £10,000 or (ii) 10% of the fee whichever is larger.