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By accepting this internet contract LiL Billboards LLC and the proposed public location (as specified in this internet form) are agreeing to the following terms as they will be described below from the time this contract is accepted to December 31st 2012. We are scheduled to go live on October 1st, thus the title 3 Month Contract.All starred items are further specified within the online form that this contract is in. In addition please refer to the videos located in the Become a Location tab for clarification on unfamiliar terms and concepts.
b. After the machine has been successfully installed and we have collected the tipping point costs we will pay 40% of all revenue generated on locations Lil Billboards to participating location within the first 14 days of the month following the month that the service was rendered. (This is after the ad has played, not when it was initially purchased). c. We will increase the 40% of revenue shared with participating location to a 50% revenue share upon the condition that the registered participating location refers 2 other participating locations to us who register for and successfully receive LiL Billboards in their location. (See the Refer a Friend portion of the website for important instructions on how to qualify to receive this increased revenue share.) i. Revenue is considered all monies received from purchasing time on the participating locations signs minus paypal or other transactional fees. 12. Give charitable donations as specified in part a and b in the form of 10% of the money that comes from the tipping point value for successfully installed Lil Billboards. a. Reserve 10% of the tipping point value revenue generated from selling time on participation locations digital signs during the pre-order phase before April 26th 2012 for The USU Huntsman Scholar Build a School in India Fundraiser. This is in connection with the Charitable Organization Effect International. b. Reserve 10% of revenue generated from selling time on participating locations digital signs prior to the tipping point being reached after April 26th 2012 for a scholarship fund with the college* specified by the participating location. This scholarship will be given to students for the 2013 spring and/or fall school semesters. 13. In a case where it is not prudent to place a Lil Billboard due to insufficient pre-orders Lil Billboards will refund monies to advertisers and the 10% charitable donation will not be recognized.
6. If a digital sign is stolen or damaged by a patron the participating location is expected to make reasonable attempts to ascertain the perpetrator and recover the digital sign. 7. Not place the digital signs in temperatures below freezing. Doing so will be considered neglect. 8. Be responsible for paying the energy costs associated with running the machine. This includes energy fees from plugging the digital signs into the wall, charging the batteries for cordless digital signs, or purchasing batteries to replace ones in disposable-battery operated digital signs. This also includes any renovations the participating location may opt to do in preparation of receiving LiL Billboards. 9. After 2 months the business may exercise its right to request to renew its contract with LiLBiLLBoards for an additional 3 6 months. 10. Affirms all information provided on the form with which this contract accompanies is true and accurate. Reasonable suspicion of inaccurate foot traffic estimation* and untruthful reporting of who referred you to this website may result in revocation of this contract and litigation on the part of advertisers or referrers hurt by negligent or untruthful information.
Any advertisement found to be libelous, fraudulent, or in any other way illegal the advertiser will be the sole responsible party as specified in the terms and conditions they accept before purchasing from our website. All digital signs distributed remain the property of Lil Billboards LLC. Revision Clause -- Lil Billboards LLC reserves the right to revise this contract at any time . However, if we do we will notify the participating locations through email. The location may choose to rescind the contract (for no cost) at this point for probable cause up to 30 days after email. Mediation Clause Both the Participating Location and Lil Bill Boards LLC agree to see a mutual mediator if either party decides to seek formal litigation.
By writing your name under the digital signature heading in the form below you agree to and accept this contract in its entirety.