In an effort to distance themselves from the throne, Harry and Meghan have agreed to a few caveats.
The Prince and his wife will stop using their royal monikers and give up any state funding.
The couple will also repay taxpayer money used to refurbish their home at Windsor Castle.
The royal couple has said they are wanting to pursue new careers outside of Britain’s royal family.
The deal is intended to end the crisis that erupted when the couple announced plans to step back from their royal duties.
According to Reuters, Harry will remain a prince and sixth in line of succession.
However, the couple will no longer use their “Royal Highness” titles and will now be free to seek a private income.