Development License Agreement (Genie AI)

The Development License Agreement (Genie AI) under USA law is a legal document that establishes the terms and conditions under which a software development company, named Genie AI, grants a license to another party for the development and use of a specific software product. This template outlines the rights and obligations of both parties and ensures compliance with the relevant laws and regulations of the United States. The agreement covers essential elements such as the scope of the license, ownership and intellectual property rights, restrictions on use and distribution, confidentiality provisions, warranties, liability limitations, termination clauses, and dispute resolution mechanisms. It aims to protect the interests of both parties involved in the development and commercialization of the software while providing a clear legal framework for their collaboration.