Article 1: Purpose of the Contract

The purpose of this service contract, henceforth referred to as “The Contract,” is to define the responsibilities and obligations related to the provision of “Leadspons Service.” beloing to Leadspons LLC(USA : United States) and Snova LLC(UAE : United Arab Emirates)

Article 2: Definitions

The following terms are defined for the purposes of this contract:

1. “Business” refers to activities involving manufacturing, design, and marketing.
2. “Production” denotes the process of execution involving multiple calculations.
3. “Result” pertains to software developed under this contract.
4. “User” refers to any founder or participant involved in the project, with “A” representing a founder of a new startup and “B” representing Leadspons LLC.
5. “Business Requirements” are documents detailing the tasks to be undertaken.
6. “Funding Period” starts after the initial business requirements are confirmed and completed.
7. “Question” means a document reviewing the requirements specified by “Leadspons Service.”
8. “Modification” refers to changes made based on additional requests beyond the initial contract terms.
9. “Marketing” encompasses all outcomes and materials derived from testing phases of the service.
10. “Work Environment” includes all necessary settings for conducting business.

Article 3: Contract Composition

1. The contract includes these articles, attachments, and effects mutual compensation.
2. Modifications, if required, can be made through electronic documents and will take effect from the date specified in the contract.

Article 5: Project Results and Period

1. The scope and deliverables are as per the current contract.
2. “Leadspons Service” will function normally upon delivery, and its completion will be evaluated based on the contractual terms.
3. Ownership of all outputs transfers to “Leadspons Service” upon final payment.

Article 6: Ownership and Copyright

1. “Leadspons Service” retains ownership and intellectual property rights of all final outputs under this contract.
2. Rights to the results belong to the respective creators until final payment.
3. Post-payment, all rights transfer to “Leadspons Service,” which can also use the outputs for its portfolio.

Article 7: Implementation and Changes

Significant matters relating to progress after development commencement are outlined. Requests for modifications not originally in the contract must be reviewed and can lead to adjustments in development timelines or potential termination of the contract if unresolvable.

Article 8: Contract Modifications

1. Changes are not permitted if they are not recorded in meeting notes or specified in the initial contract.
2. Additional functionalities requested without corresponding adjustments to cost or timeline are subject to negotiation and potential additional charges.

Article 9: Cooperation Obligations

“Leadspons Service” is responsible for ensuring clarity in scope and communication throughout the development process. Delays or errors by “Leadspons Service” are not grounds for contract termination unless they significantly impede contract fulfillment.

Article 10: Business Cooperation and Deadlines

1. Data provision, production support, and timely responses are essential for maintaining schedule adherence.
2. Delays by “Leadspons Service” in providing necessary support extend the contract and delivery timelines correspondingly.

Article 11: Payment Terms

1. Payments are scheduled according to contract terms and are due upon completion and approval of specified deliverables.
2. All rights to the outputs remain with “Leadspons Service” until full payment is received.

Article 12: Inspection and Modification

1. A 30-day inspection period is provided post-delivery, during which modifications can be requested.
2. Final acceptance and completion are contingent upon satisfactory completion of all agreed modifications within 60 days post-inspection.

Article 13: Termination of Contract

The contract may be terminated by mutual agreement under specific conditions such as insolvency, legal incapacity, or substantial failure to meet contractual obligations.

Article 14: Confidentiality

1. Both parties agree to maintain confidentiality during and post the contract period, with specific provisions for legally required disclosures.
2. Breaches of confidentiality incur full legal liabilities.

Article 15: Special Conditions

Special agreements may supersede general terms if mutually agreed upon and documented.

Article 16: Dispute Resolution

Disputes should ideally be resolved through negotiation, with arbitration as a fallback. Litigation, if necessary, falls under the jurisdiction of designated local authorities.

Article 17: Content of Development

Specifications for “Publishing” and completion criteria are detailed, with provisions for handling legal and regulatory issues in the base country of “Leadspons Service.”

Article 18: Establishment of Contract and Payment Terms

Detailed payment schedules for various phases of the project are outlined.

Article 19: Refunds and Damage Compensation

Conditions under which refunds or damage compensations are applicable are clearly stated, including provisions for project abandonment and task delay.

Article 20: Payment for Delays

Provisions for handling delays in performance relative to the contractual schedule.

Article 21: Investment and Usage Caution

Detailed risk disclosures and terms of use are provided to guide investment decisions and outline the responsibilities of “Leadspons Service” in managing investment risks.