Deals10 May 2025, 01:11 pm
ETT Ltd Secures USD 75,00,000 Order from Chixin Technology Co. Limited
AI Summary
ETT Ltd, formerly known as ETT Limited, has disclosed receiving an order proposal from Chixin Technology Co. Limited, Hong Kong, for digital media and online marketing services. The contract value is USD 7,500,000 (approx. INR 65 Crores) and is set to last for three years, from May 9, 2025, to May 8, 2028. Payments will be made monthly by the 7th of each month for work completed in the previous month. The proposal includes performance reporting, confidentiality clauses, and transfer of IP rights to Chixin. Intellectual property created by ETT in the course of providing the services will be owned by Chixin. The agreement can be terminated by either party upon 30 days written notice.
Key Highlights
- ETT Ltd secures a USD 75,00,000 deal with Chixin Technology Co. Limited
- The contract is for digital media marketing and online marketing services
- The contract value is approximately INR 65 Crores
- The contract duration is 3 years
- Payment terms are monthly, due by the 7th of each month for work completed in the previous month