I’m new to REELEX, how does the fee structure work?

Year 1

For the first year of the REELEX license, the Licensee pays a usage fee prepayment equal to the Fixed Fee per machine. 

Ongoing Fees

Licensees with 1-2 machines pay the Fixed Fee per machine on an annual basis, unless production is less than the quantity of packages represented by the Fixed Fee. Upon request, but only once per year, manufacturers with lower production volumes can instead request to pay based on the Variable Fee model.

Licensees with 3 or more machines produce a report each calendar quarter of packages produced. This quantity is multiplied by the Variable Usage Fee and is paid within 30 days of the end of the calendar quarter.