Flat Fee
Type: noun
Pronunciation: /flat fee/
Also spelled or known as: Fixed Fee
Plural: Flat Fees
Related: Lump-Sum, Flat Rate
What does Flat Fee mean? A predetermined payment that does not vary based on performance or usage.
A Flat Fee is a one-time payment for services, licensing, performances, or creative work.
Unlike royalty arrangements, flat fees remain unchanged regardless of future revenue.
Flat Fee synonyms: Fixed Fee, One-Time Fee, Set Payment, Flat Rate
Example sentence: “The designer was paid a flat fee for creating the album artwork.”
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