Letter of Intent (the “LOI”)
Dear Writers,
We, VitalTek, Inc. (“VitalTek”), the operator of Readict, look forward to working with you in
connection with our book-testing program. If your title passes the test, you can be a signed
author on Readict!
This letter is intended to serve as an expression of VitalTek’s and your (“the Parties”) intent of
cooperation under the book-testing program and is not as a binding obligation to consummate the
contemplated transaction. Any such obligation would be created only by the execution of a
Copyright License Agreement by both Parties, the provisions of which would supersede this and
all other understandings and communications between the two Parties.
Summary of Intent
• You will provide your title to Readict for book testing.
• Readict will test your title by sharing a small section of it with a sample
group of users, not in the Readict app.
• The title that tests well will be included in a Copyright License Agreement
for which we will pay you the license fee for use it in the Readict app.
Considerations
Readict will do such things as:
• If you need and ask the same, we will provide you with a list of interested
titles for testing with a sample group of users. Testing the titles with our audience allows
Readict to determine which content resonates best with them.
• Titles are tested for a period of three (3) weeks, which can be extended
upon both parties’ consensus.
• Use decision support systems and machine learning to better understand
readers’ interests. Reader engagement data is measured and will be used to assess the
license fee levels.