Dear group

I'm doing a consumer audio appliance project, the concept, design,  
and protos will be supplied by me, I'm looking around for  
organisations that are want to brand and take on this product, there  
will be significant costs involved in customising the product for  
their requirements, and probably an exclusivity agreement.

Now they want to pay me in royalties, with nothing up-front, is this  
a bad idea? I'll find it tough affordng it.
What rate should I be asking for considering this product will sell  
in the shops for $250-300 or so?
Should I ask for a up front amount, or should I bill them for my  
time? Should I subtract this from the
royalties.

I think this is a fantastic product and I hope it does well, but, I'm  
not willing to 'give it away'

Any ideas would be helpful - I'm a tad clueless :)

Cheers all
Ed
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