- 10% Royalty Rate
- 12% Heritage Royalty Rate
- $100 Application Fee
- $50 to $250 Annual Advance Fees
- $50 Annual Approvals on Demand Subscription Fee
- Varies General Product Liability Insurance Policy
- $64 to $100 SMA OLP Hangtags
- 0% Royalty Rate
- 0% Heritage Line Royalty Rate
- $75 Application Fee
- 0$ Annual Advance Fees
- Not Required Annual Approvals on Demand Subscription Fee
- Not Required General Product Liability Insurance Policy
- Not Required SMA OLP Hangtags
- Application Fees: The one-time application fee will not be refunded.
- Advance Fees: Advance Fees are used as a prepaid credit balance against future royalties due. Unused prepaid balances serve as royalty payments and do not carry over from year to year.
- Approvals on Demand: Approvals on Demand is SMA’s artwork approval system.
- SMA OLP Hangtags: Standard and Restricted Licensees are required to place Officially Licensed Collegiate Product Holograms on all products.
- Product Liability Insurance: All Licensees are required to carry product liability insurance. Costs can vary depending on insurance agent/provider.