Fixed Compensation
Fixed compensation is an established amount that doesn’t increase as a result of the commercial success of the product. Fixed compensation can be paid one-time, over a given period of time, or based on milestones (or events) such as signing of a contract, commencement of services (such as recording or mixing), delivery of the content (such as a recording, a composition, artwork, video). Also referred to as a "flat fee."
Pronunciation: /fɪkst ˌkmpənˈsʃən/
