After protracted negotiations with Buckingham Palace, the couple agreed not to use the word “royal” in their philanthropic and commercial activities.
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Meghan Markle and Prince Harry could breach the terms of 'Megxit' if they pursue private work before officially resigning in the spring
Meghan Markle and Prince Harry could be in breach of their "Megxit" deal if they undertake...Meghan Markle and Prince Harry could be in breach of their "Megxit" deal if they undertake paid private projects outside of the royal family before spring. The Duke and Duchess of Sussex are currently still working members of the royal family, and this won't change until they completely step back later this year. With reports of Harry and Markle's appearance at a JPMorgan event in Miami, and Harry's reported talks with Goldman Sachs, it appears that the couple are already working towards financial independence. However, Buckingham Palace has not confirmed whether they received payment from these companies, and did not immediately respond to Insider's request for comment. Visit Insider's homepage for more stories. The Duke and Duchess of Sussex could potentially break their agreement with the Queen by pursuing private work before officially resigning from the royal family. Buckingham Palace announced in January that Prince Harry and Meghan Markle would completely step back from their royal duties and titles in the spring of 2020. When this new model takes effect, the couple will no longer be reliant on public funds and will become financially independent. However, it appears they have already made a start in their pursuit of private work — and if they get paid for these projects before the spring, the couple could be in breach of their agreement. Last week, the couple made an appearance at a JPMorgan event in Miami, a palace spokesperson confirmed to Insider's Darcy Schild. Harry made a speech at the event, where he reportedly discussed mental health, the trauma of losing his mother, and the decision behind "Megxit." It has not been confirmed whether this was a paid appearance. According to the Mirror, Harry has also held talks with Goldman Sachs. While there has been no confirmation on whether the former royal has received payment from the company, the publication reports that a PR guru has suggested the couple could earn up to £1 billion ($1.3 billion) through corporate deals and brand ambassador roles. However, if these deals were to go through before the couple stop receiving public funds in the spring, this could potentially jeopardize the terms of "Megxit." Harry and Markle have not yet completely stepped back from their roles within the royal family. They will reportedly undertake a final royal appearance at Westminster Abbey's Commonwealth Day service in March. Although Buckingham Palace could not confirm this to Insider, they did confirm that "members of the royal family have been invited" to attend the service. "The agreement with the Queen technically starts in the spring," royal commentator Richard Fitzwilliams told Insider. "Harry and Meghan have said they want to be financially independent. It is not known whether they were paid for their JPMorgan appearance but obviously this area is where their future lies. "Connections with Goldman Sachs are likewise likely to be lucrative as the couple are obviously keen not to have to rely on Charles for their funding and also to build their Sussex Royal brand into one of the world's most successful, and heighten their profile as charitable activists as well," he added. The couple are expected to receive private funds from the Duchy of Cornwall, which is managed by Prince Charles, according to Daily Mail royal correspondent Rebecca English. However, another royal commentator, Joe Little, told Insider that the couple will likely have some flexibility in their agreement. "We don't know the specifics of the agreement with the Queen, so it's impossible to say if Harry and Meghan have done something they shouldn't," said Little, managing editor at Majesty magazine. "'Spring' is pretty vague, but I'd imagine there's a degree of flexibility with all the relevant parties," he added. Buckingham Palace did not immediately respond to Insider's request for comment. Read more: How Meghan Markle and Prince Harry could earn enough money to become 'financially independent' of the crown — and why it likely won't include a return to the screen Why the Queen's eldest grandson Peter Phillips doesn't have to follow royal protocol during his divorce Meghan Markle once wrote about her ideal Valentine's Day, and it shows how she and Prince Harry could be spending it this year The Instagram influencer who keeps getting mistaken for Meghan Markle says she doesn't 'see the resemblance'Join the conversation about this story » NOW WATCH: How to find water when you're stuck in the desert
Harry and Meghan will completely step back from royal duties and stop using their titles starting in Spring 2020
Harry and Meghan Markle will step back completely from the royal family, according to a new...Harry and Meghan Markle will step back completely from the royal family, according to a new statement from Buckingham Palace released on Saturday. Queen Elizabeth II wrote in a statement: "Harry, Meghan and Archie will always be much loved members of my family. I recognise the challenges they have experienced as a result of intense scrutiny over the last two years and support their wish for a more independent life." The couple will still be known as the Duke and Duchess of Sussex, and Prince Harry will remain a prince, but will not use the title, reported Daily Mail's royal correspondent Rebecca English. Visit Insider's homepage for more stories. Prince Harry and Meghan Markle will step back completely from royal duties starting in Spring 2020, according to a statement released on Saturday. They will remain known as Duke and Duchess of Sussex, but will no longer receive public funds and plan to repay the Sovereign Grant for their Frogmore Cottage renovations, according to a statement released on Saturday. A statement published by Buckingham Palace on behalf of Queen Elizabeth II reads: "Following many months of conversations and more recent discussions, I am pleased that together we have found a constructive and supportive way forward for my grandson and his family." "Harry, Meghan and Archie will always be much loved members of my family. I recognise the challenges they have experienced as a result of intense scrutiny over the last two years and support their wish for a more independent life," the Queen's statement continued. "I want to thank them for all their dedicated work across this country, the Commonwealth and beyond, and am particularly proud of how Meghan has so quickly become one of the family," the statement read. "It is my whole family's hope that today's agreement allows them to start building a happy and peaceful new life." Harry and Meghan will transition out of their royal duties starting in Spring 2020, according to the palace's statement Buckingham Palace shared a second statement in addition to the Queen's announcement. It begins: "The Duke and Duchess of Sussex are grateful to Her Majesty and the Royal Family for their ongoing support as they embark on the next chapter of their lives. As agreed in this new arrangement, they understand that they are required to step back from Royal duties, including official military appointments. They will no longer receive public funds for Royal duties." "With The Queen's blessing, the Sussexes will continue to maintain their private patronages and associations. While they can no longer formally represent The Queen, the Sussexes have made clear that everything they do will continue to uphold the values of Her Majesty," the statement continued. The statement clarified that Harry and Meghan will no longer use their HRH titles. "The Sussexes will not use their HRH titles as they are no longer working members of the Royal Family. The Duke and Duchess of Sussex have shared their wish to repay Sovereign Grant expenditure for the refurbishment of Frogmore Cottage, which will remain their UK family home," according to the statement. "Buckingham Palace does not comment on the details of security arrangements. There are well established independent processes to determine the need for publicly-funded security." The announcement closed, saying: "This new model will take effect in the Spring of 2020." Harry will remain a prince but will not use the title As reported by Daily Mail royals correspondent Rebecca English, who responded to the palace's announcement on Twitter, Harry will still be considered a prince but he will not use his HRH title. The couple will be known as Harry, Duke of Sussex, and Meghan, Duchess of Sussex, according to English. Major announcement from Buckingham Palace tonight: Harry and Meghan to completely step back from royal duties.Will not use their HRH titles any more. Will pay back the public money spent on Frogmore & will now pay ‘commercial rent’. They will largely live in ‘North America’ — Rebecca English (@RE_DailyMail) January 18, 2020 Read more: Prince Harry and Meghan Markle just announced they're taking a 'step back' from the royal family after months of rumors 10 warning signs that Prince Harry and Meghan Markle were ready to leave the royal family Staff are being moved out of Meghan Markle and Prince Harry's Frogmore Cottage home A London restaurant has launched a 3-course 'Megxit' menu featuring 'British and Canadian cuisine with elements of ginger and LA glamour'Join the conversation about this story » NOW WATCH: A 45-year-long study discovered trends in successful hyper-intelligent children
While long-term arrangements will take time to settle, the queen wants final decisions to be reached...While long-term arrangements will take time to settle, the queen wants final decisions to be reached “in the coming days.”