Extension And Modification Agreement (Genie AI)

The Extension and Modification Agreement (Genie AI) under USA law is a legal template that outlines the terms and conditions for extending and modifying an existing agreement involving the use of Genie AI technology. Genie AI refers to an artificial intelligence platform that provides various automated services, such as data analysis, predictive modeling, or decision-making support, for businesses or individuals.

This legal document specifically addresses the need to extend the original agreement's duration or modify its provisions to accommodate any changes in circumstances or business requirements. It details the process, terms, and considerations involved in amending the agreement, ensuring legal compliance with the laws and regulations governing such modifications in the United States.

The template covers various aspects, including the scope and purpose of the agreement extension or modification, any adjustments to the services provided by Genie AI, pricing or payment changes, intellectual property rights, confidentiality, warranties, limitations of liability, dispute resolution mechanisms, and termination conditions.

By utilizing this template, parties involved in an existing Genie AI agreement can effectively safeguard their rights and interests while efficiently navigating the process of extending or modifying the agreement according to the specific legal requirements in the United States. It provides a clear and structured framework for negotiating the terms and conditions of such extensions or modifications, ultimately ensuring legal compliance and clarity in the contractual relationship between the parties.