During the first years of our existence, we depict our confidence in providing a “No Success, No Fee” policy valid till 31st December 2020. What this means is that during this period of time, all projects accepted by NZ Medical are exempted from paying a retainer fee for Product Development and Design Costs.
All agreed Product Development and Design costs will only be charged after the product has been registered by the health authority of a country and freely sold in that market.
The charges for Product Development and Design shall be two fold as follows
These charges and fees are agreed at the time of NZ Medical accepting a project. The parties are required to initially sign an NDA provided by NZ Medical and thereafter a commercial agreement between the parties.