(CNN) Prince Harry and his wife Meghan will not be using the word "Royal" for their new venture, the couple announced on Friday.

A spokesperson for the Duke and Duchess of Sussex said that given the specific UK government rules surrounding the use of the word "Royal," the couple agreed that their new non-profit organization will not be named Sussex Royal Foundation.

"The Duke and Duchess of Sussex do not intend to use 'Sussex Royal' in any territory post spring 2020," the spokesperson said.

In another statement on Saturday, the couple added: "We had hoped to be allowed to share these details with you sooner (to mitigate any confusion and subsequent misreporting), but the facts below should help provide some clarification around this transition and the steps for the future."

"While there is not any jurisdiction by The Monarchy or Cabinet Office over the use of the word 'Royal' overseas, The Duke and Duchess of Sussex do not intend to use 'Sussex Royal' or any iteration of the word 'Royal' in any territory," the statement added.