To: | Mr. Neils SNIEDZINS |
Member of the Board TETERS Ltd. | |
Raiņa iela 88, Talsi, Talsu pilsēta, Talsu novads, LV-3201, Latvia |
Subject: Preliminary Commercial Proposal WITWIN “Penolet” PROPOSAL:
Technology transfer cost:
Technology transfer condition:
* If the minimum annual production volume (10,000 units) is not reached, the developer has the right to revoke the exclusive rights to use the technology without requiring compensation for lost profits.
Royalty fees:
Cost of operating services:
Model | Model sale price | Royalty fees per model | Minimum production | Minimum annual turnover | Technology transfer deposit | Operating services |
WW-PLNB-1 | €2,750 | €275 | 10,000 pcs | €27,500,000 | €55,000 | €8,250 |
Signing the contract
Payment of the Technology transfer deposit (€55,000) and the Operating services (€8,250)
Manufacturing a prototype
Transfer of technical documentation and prototype, including production staff training
Provision of additional services during the contract (if requested)