Prince Harry has given up a large part of his income and the use of his title to forge a new life for himself and his wife.
At 6.30pm Saturday evening statements from Buckingham Palace and The Queen gave details of the deal struck between the Duke and Duchess of Sussex and the Queen.
The victorious central point from Harry and Meghan's perspective is that they have been granted permission to step back from their royal duties.
They have also been given the green light to spend a majority of their time away from the UK, most likely in Canada.
In winning these freedoms however, Harry has had to shed large parts of the royal life he has lived for the past 35 years.
A big change is the way the couple's finances will work.
While Harry will still have the multi-million pound inheritance he received from his mother Princess Diana, as well as an undisclosed annual sum from the Duchy of Cornwall, his outgoings will increase significantly.
Not only will they be paying back the Sh315 million (£2.4million) of Sovereign Grant that was spent to refurbish Frogmore Cottage, the couple will pay commercial rent on the home when they are abroad.
As well as relieving himself of a fair chunk of his fortune, Harry will no longer be able to use the His Royal Highness title that has adjourned him since he was a young boy.
Although he will remain a Duke, he will be HRH in name only.
Another key difference for Harry are the patronages that he will be keeping.
Both he and Meghan will retain their personal patronages of charities, but the Prince will lose his official association to the military organisations he currently represents.
From the spring he will no longer be a patron of the Royal Marines, the Royal Naval Command's Small Ships and Diving nor the Royal Air Force Honington.
The couple will also no longer go on royal tours.
Most recently they went together to South Africa, Malawi, Angola and Botswana.
Harry will also spend a lot more time away from his core group of friends and his family when he sets up shop in North America.
While the changes announced today signal the start of a new chapter for the royal family, the Queen suggested her affections were unlikely to waver.
She said: "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," The Queen wrote in a statement released at 6.30pm on Saturday.
"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.
"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.
"It is my whole family's hope that today's agreement allows them to start building a happy and peaceful new life."
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