AKJ Inventions makes strategic partnerships based on:
- To develop close, effective and trusting relationship where both partners in common interests work together to develop and produce innovative products.
Product development and product design ready for production
- Product requirements specified clearly and in writing at startup.
- AKJ Inventions develops prototype.
- AKJ Inventions select components.
- Both partners test in common.
- Once the prototype is approved by both partners then AKJ Inventions starts the production of the agreed number of units.
- For each production start-up, AKJ Invntions handles continuous optimization of component quality and price.
- New features to the product agreed in writing , to separately agreed prices and delivery times.
Quality & Warranty
- The Product Partner is responsible for all tests and approvals concerning the use of the product - and responsible for the product so it does not violate any third party rights.
- AKJ Inventions is responsible for the technical requirements for the materials , form, function and methods are met in accordance with the specifications described in the contract.
- In areas where there is subject to specific requirements , good industrial and artisanal practices is valild.
- Deliveries which dont meet the requirements of the contract or an order may be rejected by the Product Partner the first 30 days after delivery.
- AKJ Inventions offers a 2 year warranty for manufacturing defects of any kind.
- If AKJ Inventions dont meet warranty obligations within a month, the Product Partner can charge equipment repair elsewhere on AKJ Inventions's expenses.
- Delivery time on the replenishment of products : 4-6 weeks from payment.
- Delivery of prototype : Decide on contracting.
- Delivery time on one production : 6-12 weeks after approval of the prototype , to be specified by contracting.
- Exceeding the agreed delivery times by more than a month reimburse AKJ Inventions 10% of the agreed price per . month started .
- Delivery AKJ Inventions address.
- AKJ Inventions ensure supplies from alternative suppliers , in which case the intermediate and / or subcontractors shall be removed from the market.
- AKJ Inventions participates in joint development projects funded by the third part.
- AKJ Inventions perform application and project management.
- AKJ Inventions covers minimum 50 % of the cost of fundraising.
- A requirement, an agreement is signed with AKJ Inventions of continued cooperation after the project period.
- The Product Partner is responsible for sales and marketing approvals and guarantees to purchase X number of items . per . year over the next three years.
- Startup costs for design and product development, one time amount is agreed by contract writing .
- Variable unit costs:
- Agreed by contract writing with varying prices depending on quality order per. order.
- AKJ Inventions makes ongoing material optimization and guarantees thereby decreasing unit prices each year during the contract period.
- AKJ Inventions commits to maximum prices per. year.
- Rate 1 : 30 % when booking
- Rate 2: 70 % by delivery
- New development : 15% of Partnership discount on AKJI 's normal hourly rates .
Property rights, eksclusivity and bonds
- The Product Partner gets exclusivity on the product in Denmark - and the right to use the product in all other own products around the world.
- The Product Partner is bounded not to let other than AKJ Inventions be responsible for the development and further development of the product.
- The Product Partner has the right to designate sub-dealers/representatives for sales and marketing.
- liquidated damages kr . 500.000 , -
- Secret clause.
- Three-year agreement with the priority right renewal of exclusivity.
- 12 months mutual notice period .
Your market , our technology. Design documentation can be purchased separately at an agreed price.