Well Dick, it sounds too good to be true and I wish you luck. Mr Bulmer too will be happy as, of course, technically royalties will have been paid and thus he is presumably relieved of the obligation to pay them himself. He would have won by default and surely this is not the object of the exercise? So you dont end up in bankruptcy sooner than you would wish, could I suggest that you find out exactly how the royalty is calculated - do you intend to pay an (average) of 5% of the list price CM sells to you, or on the list retail price. The difference in cost to you would be very considerable. The base on which the royalty is calculated is so important and you must see that there is a world of difference between a base of (say) £7/unit dealer, and (say) £12/retail. I think this is a minefield and I cannot fail to say that I think you will be taking on too much even though the proposed items look so interesting. You certainly must take proper advice - not least from the MCPS and the BPI.