Over the last 4-5 months I've been getting a lot more into the branding side of design, but I don't want to dive too far into it yet without learning more about how much to deliver a client at the beginning.

I'm curious to learn the options and processes that some of you guys present to your clients when perhaps designing them a new logo - or even a complete brand identity package. For example, do you deliver one logo and allow for 3 rounds of revision/changes? Or even 3 low-level mockups, then allow them to choose one style to refine further? etc..

Everyone's method is different and I'd love to learn about some of them.