In the complaint, Light argues that Creation has materially breached and failed to honor the OEM contract between Creation and Light, and therefore Light is entitled to the sum of €620,000.
As part of the OEM agreement, Creation purchases Er: YAG Dental Laser devices for the sum of €750,000 from Light Instruments and allegedly failed to fulfill its contractual obligations to pay Light the agreed sum.
Light alleges that Creation has gained and is still gaining substantial profits as a result of what Light claims to be a contractual breach of the OEM agreement, as the LiteTouch laser devices that Creation obtained under its OEM contract with Light are being sold to third parties.
Light views Creation’s violation of the terms of the OEM agreement in the serious manner and shall use all necessary legal proceedings in its power to ensure that Creation fulfills its obligations entirely and that justice is completely restored.
