Disbursement Agreement (Genie AI)

The Disbursement Agreement (Genie AI) under USA law is a legal template that outlines the terms and conditions for the disbursement of funds or assets using artificial intelligence technology developed by Genie AI, within the jurisdiction of the United States. This agreement sets forth the rules, responsibilities, and obligations of the parties involved, such as the disburser, the recipient, and Genie AI. It covers important aspects including the process of disbursement, the permitted use of funds or assets, confidentiality requirements, dispute resolution mechanisms, intellectual property rights, and any other relevant considerations specific to disbursements facilitated by Genie AI in compliance with applicable US laws. The purpose of this template is to provide a standardized contractual framework to ensure a clear understanding between the parties involved and to protect their respective rights and interests during the disbursement process.