Common use of DROP-BOX DEVELOPMENT Clause in Contracts

DROP-BOX DEVELOPMENT. Kozmo will, with input and approval from Starbucks, design, develop, manufacture and pay for drop-boxes for the return of Video Products and Kozmo Items by Kozmo's customers ("Drop-boxes") for placement in the Starbucks Stores. Kozmo's current Drop-box will be used until a new design is agreed upon by the parties. The dimensions of the current Drop-boxes are 12" x 16" x 32" and the current Drop-box includes a slanted cover with a slot the size of a VHS video tape for the return of items and a combination lock on the front of the box. Any modification to the size or design of the Drop-box must be approved in advance by Starbucks, in its reasonable discretion, prior to being placed in any Starbucks Store. Kozmo will own the design and all proprietary rights relating to the Drop-boxes and will own each of the Drop-boxes located in the Starbucks Stores. Kozmo will lease the Drop-boxes to be located in Starbucks Stores to Starbucks, for the Term of this Agreement, for the rental payment of $1.00 per Drop-box per year, pursuant to the terms of an equipment lease to be agreed upon by the parties (the "Equipment Lease").

DROP-BOX DEVELOPMENT. Kozmo will, with input and approval from Starbucks, design, develop, manufacture and pay for drop-boxes for the return of Video Products and Kozmo Items by Kozmo's customers ("Drop-boxes") for placement in the Starbucks Stores. Kozmo's current Drop-box will be used until a new design is agreed upon by the parties. The dimensions of the current Drop-boxes are 12" x 16" x 32" and the current Drop-box includes a slanted cover with a slot the size of a VHS video tape for the return of items and a combination lock on the front of the box. Any modification to the size or design of the Drop-box must be approved in advance by Starbucks, in its reasonable discretion, prior to being placed in any Starbucks Store. Kozmo will own the design and all proprietary rights relating to the Drop-boxes and will own each of the Drop-boxes located in the Starbucks Stores. Kozmo will lease the Drop-boxes to be located in Starbucks Stores to Starbucks, for the Term of this Agreement, for the rental payment of $1.00 per Drop-box per year, pursuant to the terms of an equipment lease to be agreed upon by the parties (the "Equipment Lease").in