Forms of partnerships
We offer our clients three form of partner relationships:
Form 1. Franchising partnership
This form of partnerships implies acquisition of the right to use our commercial technologies for launch of a turnkey business under a franchising agreement.
We have ambitious plans and focused on global development and long-term activity. For this reason we select partners with great care.
Form 2. Establishment of a joint legal entity
This form implies establishment of a new joint legal entity with the following founding members:
- Our partners (holders of lottery license) who undertake a commitment to make an operating agreement with the new legal entity including manufacturing of lottery tickets, software and equipment as well as sales organization and advertizing campaigns within the scope of the applicable license
- Our company undertakes a commitment to make separate franchising agreements to provide the new legal entity with the opportunity to use the commercial technologies of an appropriate project.
All the above mentioned actions as well as responsibility in case of failure to perform the contractual obligations within the appropriate period is covered by the joint legal entity incorporation contract.
Form 3. Acquisition of a license to use or technologies with adjustment to our partners’ existing products.
Right to the use the technology may be assigned under this form of partnership in two cases:
- For state level projects and in relation to a certain geographic territory; or
- If the client orders a new turnkey lottery product as combination of its existing product and our technologies. In this case the client assumes an obligation to make no modifications to the developed lottery product.