The jungle where all Rhino animals live
It works. Carpe Diem! You celebrate the union of form with function, but how will you get paid? As anyone know, product licensing is a long and non formulaic discussion. Core77 contributor Bruce M. Tharp writes this piece as a guide.
It is important to understand that there is no "standard" contract across industries or even within a company. Everything is generally negotiable and there are many ways that compensation can pan out. The most common mode is for a company to compensate through royalties only, which helps mitigate their risk that the product may not sell well. It is also possible for the designer to receive up-front cash in addition to royalties, but often this is just an advance payment deducted from future royalties. But this is still good if you can get it, because there is no guarantee that there will be future royalties. Hence, companies usually only agree to advances if the amount is relatively small and/or if they are confident that the product will sell. Insisting on significant money up front is often a quick way to sour a deal.
Designers got to eat right? Get more details from the read here at Core77.