Option 1: Full Ownership

Acquisition Details:

  • Purchase Price: $26,000
  • Financing Option: $500-$600 per month (Terms and conditions apply, subject to credit approval)

Content Management:

  • Full Control: You will have complete autonomy over the content displayed on the LEDCube.
  • Content Responsibility: You are solely responsible for the legal compliance and appropriateness of the content displayed.

Legal Considerations:

  • Warranty: The LEDCube comes with a standard manufacturer’s warranty. Extended warranties may be available for an additional cost.
  • Maintenance: Regular maintenance and any repairs are your responsibility post-warranty.
  • Liability: You are liable for any damages caused by the LEDCube after installation.
  • Content Liability: You must ensure that all displayed content complies with local laws and regulations, including but not limited to copyright, obscenity, and advertising standards.

 

Option 2: Joint Venture Arrangement

Initial Cost

  • Setup Fee: $5,600
    • Installation: You are responsible for the installation and any related costs.
    • Insurance: You must insure the LEDCube against damage, theft, and liability.

Content Management:

  • Collaborative Management: We will manage the content in partnership with you.
    • Content Submission: You will provide the content to be displayed.
    • Display Time: 50/50 split buyer is given access to display its products for 50 percent of the cube space and ledcubes has the rights to sell 50 percent of the space to advertisers.
    • Approval Process: All content must be submitted for approval to ensure it is compatible with the environment and practices of your establishment.

Legal Considerations:

  • Content Approval: All content must be vetted and approved by our team to ensure compliance with relevant laws and regulations.
  • Content Liability: Both parties share liability for the content displayed. You are responsible for the content you submit, while we ensure it meets all legal and regulatory standards.
  • Contractual Agreement: A detailed agreement will be drafted, specifying the terms of content management, display time allocation, and other responsibilities.
  • Termination Clause: The contract will include terms for termination, including but not limited to breach of contract, non-compliance with content guidelines, and failure to pay associated costs.
  • Intellectual Property: Any content you provide must not infringe on third-party intellectual property rights. You will indemnify us against any claims related to intellectual property violations.
  • Indemnification: You agree to indemnify and hold harmless our company from any claims arising out of the content you provide.

Additional Terms for Both Options

  • Jurisdiction: All agreements will be governed by the laws of the state/country in which the transaction occurs.
  • Dispute Resolution: Any disputes will be resolved through arbitration or mediation before resorting to litigation.
  • Confidentiality: Both parties agree to maintain confidentiality regarding sensitive business information shared during the course of the agreement.